Qatar Holding, a longtime major shareholder in Lagardere, announced over the weekend that it will not tender it shares to Vivendi, meaning it will hold on to its stock. The investment authority was given a board seat last year. They note in the press release, “Qatar Holding LLC may consider acquiring or selling Lagardère S.A. shares depending on market opportunities and/or applicable regulatory requirements.” Their decision should not affect Vivendi acquiring control of Lagardere in the tender offer, since Vivendi already controlled over 45 percent of shares before launching the offer. In other Lagardere news, catching up for the record, […]
