Arnaud Lagardère wins the arm wrestle against Amber Capital

All of the resolutions of the fund activist Amber Capital, filed in the general assembly, have been rejected.

Arnaud Lagard * re has won this Tuesday, the arm of iron against the first shareholder of its group, the fund activist Amber Capital, all of the resolutions submitted in the general assembly have been rejected.

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The managing partner of the group of publishing and distribution in the places of transport, also influential in the media, has welcomed a vote "without appeal" in favour of the management and its strategy, and maintains a supervisory board in favour of his governance, found an AFP journalist.

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15 resolutions rejected

The 15 resolutions filed by Amber, which boasts 18% of the capital and 14% of the voting rights, have been rejected by at least 57% of the vote, while the election saw a participation rate of 79.1%, significantly higher than usual. The fund was constantly in recent months to denounce the strategic choices of Arnaud Lagardère and his management of the group.

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He wanted to replace the quasi-totality of the members of the supervisory board and was the non-renewal of his mandate as manager in march 2021. The resolutions submitted by the management board to ratify the cooptations recent Nicolas Sarkozy and former boss of the SNCF Guillaume Pepy on the supervisory board were approved by more than 99%. Source close to the dossier, the ex-head of State, a longtime friend of Arnaud Lagardère, was at work to ensure that Arnaud Lagardère of the support of the sovereign wealth fund of Qatar, which holds 20% of the voting rights.

"No project" with Vincent Bolloré

The major manoeuvres to oppose the project of Amber have also been marked by the arrival in the capital of Vincent Bolloré, the strong man of Vivendi, which has claimed responsibility for the acquisition of more than 10% of the shares, feeding the rumors about a transaction to negotiate a support to Arnaud Lagardère in exchange for the abandonment of the status of the group limited by shares.

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"Any project of the kind, be it exploratory, has never been neither submitted nor presented to the supervisory board," replied the secretary-general and co-the group managing director, Pierre Leroy, questioned by a shareholder.