Paris Court Rejects Shareholders' Call for Lagardere EGM
December 17 2020 - 7:41AM
Dow Jones News
By Francois Schott and Mauro Orru
The Paris Court of Appeal rejected calls to hold an
extraordinary general meeting for Lagardere SCA from shareholders
Vivendi SE and activist investor Amber Capital.
Vivendi and Amber Capital, which according to FactSet
respectively own stakes of 26.7% and 19.5% in the French media
company, hoped to elect four representatives to Lagardere's
supervisory board through a shareholders' meeting.
The latest ruling corroborated a decision from the Paris
Commercial Court, which in October dismissed calls from the two
shareholders for an EGM.
Lagardere said it "welcomes the decision announced today by the
Paris Court of Appeal and reiterates its commitment to a
constructive dialogue with all shareholders in the interests of the
Group and all of its stakeholders."
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
Jones.
Write to Francois Schott at fschott@agefi.fr and Mauro Orru at
mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
December 17, 2020 07:26 ET (12:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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