Vivendi/Amber Capital Agreement Regarding Lagardère
11 August 2020 - 4:36PM
Dow Jones News
Regulatory News:
Despite their divergent views, and after the very poor results
announced by Lagardère a few days ago, Vivendi (Paris:VIV) and
Amber Capital have decided to sign a pact.
Vivendi and Amber Capital, respectively the first and second
largest shareholders of Lagardère with 23.5% and 20% of the share
capital, will initiate steps in this framework with Lagardère to
each seek a minority Supervisory Board representation of three
members for Amber Capital and one member for Vivendi.
The two companies also wanted to stabilize the Lagardère
shareholding by entering today into a five-year reciprocal first
offer and preemption rights agreement on their Lagardère
shares.
The text of the agreement was sent to the Autorité des Marchés
Financiers (AMF), the French financial markets authority, which
will ensure the required publicity according to the
regulations.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. In
content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), movies and series (Canal+ Group),
publishing (Editis) and games (Gameloft) which are the most popular
forms of entertainment content in the world today. In the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In communications, through Havas. the Group possesses
unique creative expertise in promoting free content and producing
short formats, which are increasingly viewed on mobile devices. In
addition, through Vivendi Village, the Group explores new forms of
business in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi's various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200810005843/en/
CONTACT:
Vivendi
SOURCE: Vivendi
Copyright Business Wire 2020
(END) Dow Jones Newswires
August 11, 2020 02:21 ET (06:21 GMT)
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