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Vivendi to make full offer for Havas after buying out Bollore stake
July 3, 2017 / 7:11 AM / 5 months ago

Vivendi to make full offer for Havas after buying out Bollore stake

PARIS (Reuters) - Vivendi has bought the Bollore group’s majority stake in advertising company Havas and will follow up with a full buyout offer, it said on Monday.

FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau/File Photo

Media giant Vivendi, also controlled by Bollore, said it bought the 59 percent of Havas owned by Bollore’s holding company for 9.25 euros per share and would launch a tender offer to acquire the rest of the company.

The move was in line with a previously announced plan to link up Vivendi - in which Bollore is chairman and controlling shareholder with a stake of about 20 percent - with Havas.

Reporting by Sudip Kar-Gupta; Editing by David Goodman

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