French billionaire Bernard Arnault made another modest purchase of Lagardere stock on October 14, adding approximately 2.2 percent of shares outstanding. Arnault’s companies now hold just over 15 percent of shares (and 16.93 percent of voting rights), and company ceo Arnaud Lagardere owns 7.3 percent of the public shares. In late September, Arnault had made his first direct investment in Lagardere, a 5 percent stake. The new purchase came just a day before a French court is due to decide on whether investors Amber Capital and Vivendi have the right to demand a special shareholders meeting to vote on board […]
