The French media group Vivendi controlled by Vincent Bolloré intends to buy Lagardère. In this respect, Vivendi has offered Amber Capital €24.10 per share for its 17.93% stake. Amber Capital has accepted this offer, leading to the conclusion of a conditional sales contract.
The transaction shall be completed by 15 December 2022, after gaining required approvals. Should the acquisition be completed, Vivendi will hold 45.1% of the share capital and 36.1% of the voting rights of Lagardère. Since the threshold of 30% would be exceeded, a mandatory proposal for a public offer at the same price for all Lagardère shares not yet owned by Vivendi will be filed with the French market authority.