Though Vivendi was previously awaiting regulatory approval from the French government for their acquisition of Amber Capital’s 17.5 percent stake in Lagardere — originally expecting the deal to close by December 15 — the company has decided it does not need to wait any longer. “Recent analyses carried out by Vivendi have led the company to consider that this acquisition could take place now since, in accordance with applicable rules on the control of concentrations.” Vivendi says it will not exercise the voting rights attached to Amber shares “until the approvals required for the acquisition of the control of Lagardère […]
