No appeal filed against the French financial markets authority’s decision granted on the proposed conversion of Lagardère SCA into a joint-stock company
Corporate & other activities, Finance
Paris, June 15, 2021
Lagardère SCA (the “Company”) received confirmation from the registry of the Paris Court of Appel that no appeal was filed against the decision of the French financial markets authority’s (Autorité des marchés financiers – AMF) having considered that the conversion of the Company into a joint-stock company does not require the launching of a tender offer1.
Consequently, the conversion of the Company into a joint-stock company is now only subject to approval by the General Partners and the Shareholders whose General Meetings will be held on 30 June 2021, it being specified that the General Partners and the main shareholders, Vivendi, Qatar Holding LLC, Amber Capital and Financière Agache (which together with Arnaud Lagardère hold 75% of the Company’s voting rights), agreed to support the proposed conversion.
1Decision AMF n°221C1166 dated 21 May 2021
Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 28,000 people and generated revenue of €4,439 million in 2020.
In 2018, the Group launched its strategic refocusing around two priority divisions: Lagardère Publishing (Book and e-Publishing, Mobile and Board games) and Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion, Foodservice).
The Group's operating assets also include Lagardère News and Lagardère Live Entertainment.
Lagardère shares are listed on Euronext Paris.
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