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Following a capital increase and share purchases, Groupe Arnault, the holding company of Bernard Arnault (majority shareholder of the LVMH group) is taking “about a quarter” of the capital of Arnaud Lagardère’s personal holding company, the two parties announced on Monday.
Lagardère Capital & Managment (LC&M) now owns Arnaud Lagardère’s 7.26 % stake in the group, which also owns Hachette, Europe 1 and Paris Match.
“My friendship with Jean-Luc Lagardère (his father) has bound our families together and I have the utmost respect for the group he has built. ” Bernard Arnault assures us in this press release.
“Groupe Arnault’s exceptional success in France and around the world, its successes in the fields of distribution and its investment in creation and culture are all fundamental pillars of my group and are the guarantee of a long-lasting and fruitful collaboration,” says Arnaud Lagardère.
According to figures communicated to AFP in mid-January, LC&M was indebted to Crédit Agricole for 164 million euros. This new transaction therefore ensures that Arnaud Lagardère is back in the green.
The activist investment fund Amber Capital, now the Lagardère Group’s largest shareholder with a capital of up to 18%, was strengthening its hold on the group and was asking fervently the complete renewal of its supervisory board.
Lagardère’s management had finally gained the upper hand at the May 5 shareholders’ meeting, when its shareholders decided to oppose Amber’s candidates to renew the group’s supervisory board, with between 56% and 68% of the votes.
Arnaud Lagardère’s success was due to the entry into Lagardère’s capital of Marc Ladreit de Lacharrière’s Fimalac holding company, which holds less than 5 %, and of Vivendi, where Vincent Bolloré has held a majority at the general meeting since 2017, which holds 13.4 %.
Groupe Arnault’s entry into LC&M is a new asset for the holding company. While the two business giants Bernard Arnault and Vincent Bolloré are close friends of the Lagardère family, they now have a prominent position within the family group.
Read also > INNOVATION : 4TH SESSION AT LA MAISON DES STARTUPS LVMH KICKS OFF ONLINE
Featured photo : Bernard Arnault © Wikipédia[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
Following a capital increase and share purchases, Groupe Arnault, the holding company of Bernard Arnault (majority shareholder of the LVMH group) is taking “about a quarter” of the capital of Arnaud Lagardère’s personal holding company, the two parties announced on Monday.
Lagardère Capital & Managment (LC&M) now owns Arnaud Lagardère’s 7.26 % stake in the group, which also owns Hachette, Europe 1 and Paris Match.[/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fabonnements-et-newsletter-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…
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Following a capital increase and share purchases, Groupe Arnault, the holding company of Bernard Arnault (majority shareholder of the LVMH group) is taking “about a quarter” of the capital of Arnaud Lagardère’s personal holding company, the two parties announced on Monday.
Lagardère Capital & Managment (LC&M) now owns Arnaud Lagardère’s 7.26 % stake in the group, which also owns Hachette, Europe 1 and Paris Match.[/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fabonnements-et-newsletter-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…
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[/vc_cta][vc_column_text]Featured photo : Bernard Arnault © Wikipédia[/vc_column_text][/vc_column][/vc_row]
