Report
Jerôme Bodin

Lagardere : Vivendi holds 26.7% - Vivendi, Lagardère, Amber, Arnault and Qatar what is the state of play?

>Vivendi owns 26.7% of Lagardère’s capital - Vivendi now holds 26.7% of the capital and 20.2% of Lagardère SCA’s voting rights. Note that the former indicated that it owned 23.5% of the capital in August. We think that share acquisitions might continue over the coming days. This could help to underpin the share price at high levels. The premium on our fundamental valuation now stands at around 30% (fundamental valuation € 18.5). Note that we have decided to maintain ...
Underlying
Lagardere SCA

Lagardere Groupe is a holding company. Through its subsidiaries, Co. is engaged in the media industry (news, education, culture and entertainment businesses). Co.'s main activities in the media industry can be divided into four separate divisions. Lagardere Publishing includes Co.'s Book Publishing and e-Publishing businesses. Lagardere Active encompasses Co.'s Magazine Publishing, Audiovisual (Radio, Television, Audiovisual Production), Digital and Advertising Sales Brokerage businesses. Lagardere Services encompasses the Travel Retail and Distribution businesses. Lagardere Unlimited specializes in sports and entertainment.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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