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The Lagardère group confirmed on Monday that it is studying a project to transform itself into a public limited company, currently under discussion with its main shareholders. Among them, Vincent Bolloré, Lagardère’s largest shareholder via Vivendi, and Bernard Arnault, the CEO of LVMH.
“There is no certainty about the outcome of the ongoing discussions,” the group said in a statement.
On Sunday, three sources close to the discussions had indicated that Arnaud Lagardère, who has headed the group since the death of his father Jean-Luc, was ready to give up the current limited partnership governance structure as part of an agreement with businessmen Bernard Arnault and Vincent Bolloré, both shareholders in the group.
In exchange, the agreement would include a clause not to dismantle the company for a period of five years.
Vincent Bolloré, Lagardère’s largest shareholder via Vivendi, and Bernard Arnault, the CEO of LVMH, have been at the centre of speculation for several months about the future of the group and its media activities.
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Featured photo : © Lagardère[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
The Lagardère group confirmed on Monday that it is studying a project to transform itself into a public limited company, currently under discussion with its main shareholders. Among them, Vincent Bolloré, Lagardère’s largest shareholder via Vivendi, and Bernard Arnault, the CEO of LVMH.
“There is no certainty about the outcome of the ongoing discussions,” the group said in a statement.
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The Lagardère group confirmed on Monday that it is studying a project to transform itself into a public limited company, currently under discussion with its main shareholders. Among them, Vincent Bolloré, Lagardère’s largest shareholder via Vivendi, and Bernard Arnault, the CEO of LVMH.
“There is no certainty about the outcome of the ongoing discussions,” the group said in a statement.
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