French tycoon Bollore tightens grip on Vivendi



French tycoon Vincent Bollore said on Monday that his investment company had raised its stake in Vivendi (VIV.PA) to above 20 percent, further tightening his hold on the French media group.
The Bollore group will hold around 29 percent of the voting rights of Vivendi by April 20, 2017, taking into account the double voting rights of the shares it is buying, the statement said.
Bollore, which held a 15 percent stake in Vivendi, said the share purchase notably reflected the settlement in cash of an existing hedging and financing on 34 million Vivendi shares and the acquisition of another 34.7... read more

 
10 October 2016 in Science &Technology, Views: 37
Source: Reuters
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