Vivendi to Acquire Amber Capital’s Stake in Lagardere, Sets Takeover Bid in February 2022
Elsa Keslassy International CorrespondentVivendi, the parent company of Canal Plus Group, is set to acquire a 17.5% stake in Lagardere, the French media, publishing and travel retail conglomerate, from Amber Capital in the next few days.Vivendi will own 45.1% of the Lagardère capital following the acquisition of 24,685,108 shares at a price of €24.10 ($27.27) per share. The company said the transaction will not imply any cash transfers from either party since Amber Capital will keep the funds received as cash collateral from Vivendi.If approved by regulatory authorities, the transaction will place Vivendi above the 30% share capital and voting right threshold in Lagardere.