Statement of intent from Qatar Holding LLC in connection with the public offer for the shares of Lagardère SA initiated by Vivendi SE
Corporate & other activities, Finance
Paris, May 8, 2022
In connection with the public offer initiated by Vivendi SE for the shares of Lagardère SA, Qatar Holding LLC, which holds 11.52% of the share capital of Lagardère SA, has informed the latter of its plans with regard to its shareholding, as follows:
“In response to a request by Lagardère S.A. regarding its intention, Qatar Holding LLC indicates that it does not intend to tender its shares in Lagardère S.A. to the main or secondary branch of the public offer filed by Vivendi S.E. on 21 February 2022 and approved by the Autorité des marchés financiers on 12 April 2022. Qatar Holding LLC may consider acquiring or selling Lagardère S.A. shares depending on market opportunities and/or applicable regulatory requirements.”
Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 27,000 people and generated revenue of €5,130 million in 2021.
The Group is structured around two priority divisions: Lagardère Publishing (Book and e-Publishing, Board Games and Mobile 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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