Bollore will not seek exemption on public tendering rules on Vivendi

bollore will not seek exemption on public tendering rules on vivendi

Sumary of Bollore will not seek exemption on public tendering rules on Vivendi:

  • Article content PARIS — French billionaire Vincent Bollore family-owned group has pledged to media giant Vivendi that it will not request an exemption to file a tender offer on Vivendi shares if it crosses the 30% threshold in capital ownership or voting rights, said Vivendi..
  • Bollore group said in a letter addressed to Vivendi that it could also sell some of its Vivendi shares if were to participate in the share capital reduction by tendering its shares..
  • Vivendi is currently in the process of spinning off its Universal Music Group (UMG) division, which is the music label behind artists such as Lady Gaga and Taylor Swift….

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