Vivendi Has Acquired Amber Capital’s Stake in Lagardère

Rhea-AI Summary

Vivendi has acquired 24,685,108 shares of Lagardère from Amber Capital at €24.10 per share, increasing its total ownership to 63,693,239 shares, representing 45.13% of Lagardère's share capital. A public tender offer for all Lagardère shares will be filed in February 2022 at the same price. This acquisition aligns with Vivendi's strategy to enhance its integrated media and content assets.

Positive

• Increased ownership in Lagardère to 45.13%, enhancing strategic position.
• Upcoming public tender offer at €24.10 per share, potentially consolidating control.

Negative

• Acquisition cost could strain financial resources.
• Regulatory approvals may pose risks to the acquisition process.

PARIS--(BUSINESS WIRE)-- Regulatory News:

As previously announced in its press release dated December 9, 2021, Vivendi (Paris:VIV) acquired today 24,685,108 Lagardère shares from Amber Capital at a price of €24.10 per share.

Vivendi now owns 63,693,239 Lagardère shares corresponding to 45.13% of the share capital.

In February 2022 Vivendi will file a public tender offer for all Lagardère shares at €24.10 per share, identical to the price per share paid to Amber Capital.

About Vivendi

Since 2014, Vivendi has built a world-class media, content and communications group. The Group owns leading, strongly complementary assets in television and movies (Canal+ Group), communications (Havas Group), publishing (Editis), magazines (Prisma Media), video games (Gameloft), live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims at being carbon neutral by 2025. In addition, the Group helps building more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and to its businesses, and by increasing awareness of 21^st-century challenges and opportunities. www.vivendi.com

Important Disclaimers

This press release contains forward-looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions, and the payment of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions and the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi's website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of any such facility.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005743/en/

Vivendi

Source: Vivendi

FAQ

What is Vivendi's recent acquisition involving Lagardère shares?

Vivendi acquired 24,685,108 shares of Lagardère from Amber Capital at €24.10 per share.

What percentage of Lagardère does Vivendi own after the acquisition?

After the acquisition, Vivendi owns 45.13% of Lagardère's share capital.

When will Vivendi file a public tender offer for Lagardère?

Vivendi will file a tender offer for all Lagardère shares in February 2022.

What is the price per share for the upcoming public tender offer?

The public tender offer will be at €24.10 per share.

What are the potential risks associated with Vivendi's acquisition of Lagardère?

Potential risks include the need for regulatory approvals and the financial strain of the acquisition.