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Vivendi Jumps After Regulator Orders Bolloré to Make Offer
France’s markets regulator ruled that Bolloré SE and Vincent Bolloré are required to make a public withdrawal offer on Vivendi SE in the next six months, in a blow to the media billionaire who controls the company.
France’s markets regulator ruled that Bolloré SE and Vincent Bolloré are required to make a public withdrawal offer on Vivendi SE in the next six months, in a blow to the media billionaire who controls the company. The Autorité des Marchés Financiers stated on Friday that last year’s breakup of Vivendi SE into four parts should have triggered an offer to all stakeholders to buy back their shares. Since the company is now split, the offer must be provided to shareholders in the remainder of Vivendi, which has a market value of €3.24 billion ($3.8 billion), it said.
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