Elsa Keslassy International CorrespondentVivendi, the parent company of Canal Plus and Universal Music Group (UMG), is planning to acquire an additional 17.93% stake in Lagardere, the French media, publishing and travel retail conglomerate, from its leading shareholder Amber Capital.The move comes as Vivendi is getting ready to list UMG, its biggest money-making asset and the world’s largest music company, at the Amsterdam stock exchange on Sept.
21.Vivendi first entered into Lagardere’s capital with a 10.6% stake in April 2020, when the company’s president Arnaud Lagardère, who inherited the illustrious banner from his father, Jean-Luc Lagardère, clashed with Amber Capital and was threatened to be pushed aside.With Amber Capital’s stake,.
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