Proposed takeover bid by Vivendi SE
Corporate & other activities, Finance
Paris, December 10, 2021
The Company has taken note of the acceleration, announced on December 9, 2021, of the process for the acquisition by Vivendi SE of Amber Capital’s stake and the launch of a mandatory public offering as a result. This process had already been announced on September 15.
In accordance with current regulations, the Board of Directors, which will meet on December 17, 2021, will set up an ad hoc committee from among its members and will then appoint an independent expert on the proposal of the committee. In light notably of this expert’s report, the Board of Directors will, in due course, issue a reasoned opinion on this proposed offer, which will be included in the Company’s offer document filed with the French financial markets authority (Autorité des marchés financiers).
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.
The Group focuses on 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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