Arnaud Lagardere and the shareholders who actually own the majority of the company he currently controls are under pressure to negotiate an agreement ahead of the company’s annual meeting on June 30. Over the weekend, French press reported progress on a new potential deal, in which Lagardere would relinquish the special commandite corporate structure that allows him to control the company even though he only owns 7 percent, in favor of normal governance and control. The “people familiar with the matter,” talking to the FT, suggest that Lagardere could receive additional regular shares in the company worth between €200 million […]
