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    VIV   FR0000127771

VIVENDI SE

(VIV)
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Vivendi becomes top Lagardere shareholder, mulls supervisory board seats

07/15/2020 | 05:11am EDT

Vivendi has raised its stake in French publishing group Lagardere to 21.19%, becoming its largest shareholder, and could ask for one or more seats on its supervisory board, stock market watchdog AMF said on Wednesday.

Vivendi has raised its stake in French publishing group Lagardere to 21.19%, becoming its largest shareholder, and could ask for one or more seats on its supervisory board, stock market watchdog AMF said on Wednesday.

Vivendi, which also now controls 16.01% of Lagardere's voting rights, said it could buy more Lagardere shares, market conditions permitting, but would not seek control of the company, the regulatory filing showed.

Lagardere has been locked in a battle with London-based hedge fund Amber Capital for four years. Lagardere shareholders in May rejected calls from the the activist investor, which has a stake of about 18%, to replace Lagardere's supervisory board.

In May, France's business elite closed ranks around Lagardere in its fight against Amber.

Vincent Bollore's Vivendi increased its stake in Lagardere to 16.48% at that time, while LVMH's Bernard Arnault, bought a 25% stake in Lagardere Capital & Management (LCM), the holding company of Lagarere boss Arnaud Lagardere.

(Reporting by Dominique Vidalon; Editing by Mark Potter)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHRISTIAN DIOR SE 0.36% 694.5 Real-time Quote.52.22%
LAGARDÈRE -0.47% 21.26 Real-time Quote.4.30%
LVMH MOËT HENNESSY LOUIS VUITTON SE 0.86% 678.4 Real-time Quote.31.65%
VIVENDI SE 0.27% 29.27 Real-time Quote.10.65%
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Financials
Sales 2021 17 038 M 20 673 M 20 673 M
Net income 2021 1 272 M 1 544 M 1 544 M
Net Debt 2021 3 086 M 3 744 M 3 744 M
P/E ratio 2021 25,8x
Yield 2021 2,17%
Capitalization 31 673 M 38 406 M 38 432 M
EV / Sales 2021 2,04x
EV / Sales 2022 1,89x
Nbr of Employees 42 800
Free-Float 66,0%
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Technical analysis trends VIVENDI SE
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 33,74 €
Last Close Price 29,19 €
Spread / Highest target 47,3%
Spread / Average Target 15,6%
Spread / Lowest Target -5,79%
EPS Revisions
Managers and Directors
NameTitle
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
HervÚ Philippe Chief Financial Officer & Member-Management Board
Yannick BollorÚ Chairman-Supervisory Board
StÚphane Roussel Chief Operating Officer & Member-Management Board
Caroline Le Masne de Chermont Head-Legal Affairs, Senior VP-CSR & Compliance
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