French Court Rejects Vivendi, Amber Capital Request for Lagardere EGM
14 Ottobre 2020 - 6:39PM
Dow Jones News
By Olivier Pinaud and Mauro Orru
The Paris Commercial Tribunal rejected requests from French
media giant Vivendi SA and activist investor Amber Capital to call
an extraordinary general meeting of Lagardere SCA's shareholders,
according to a ruling document seen by Agefi-Dow Jones.
The court decision came as Lagardere's main shareholders Vivendi
and Amber Capital hoped to elect four representatives to the media
company's supervisory board through this shareholders' meeting.
"Vivendi remains confident in the merits of its case and will
appeal against this decision," the company said in a statement
Wednesday.
Vivendi and Amber Capital signed a pact in August to seek
minority representation on Lagardere's supervisory board, which
rejected the request to hold an extraordinary general meeting.
Amber Capital tried replacing members on Lagardere's supervisory
board at the company's ordinary shareholders' meeting in May, but
shareholders rejected all 15 resolutions from the activist
investor.
This story was translated in whole or in part from a
French-language version initially published by L'Agefi-Dow
Jones.
Write to Olivier Pinaud at o.pinaud@agefi.fr and Mauro Orru at
mauro.orru@wsj.com
(END) Dow Jones Newswires
October 14, 2020 12:24 ET (16:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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