Bollore Set to Exit Mediobanca Shareholder Agreement
27 Setembro 2018 - 4:08AM
Dow Jones News
By Donato Paolo Mancini
Bollore SA (BOL.FR) is exiting a shareholders' agreement with
Mediobanca SpA (MB.MI) early as it increases its shareholding in
Vivendi SA (VIV.FR), the bank said Thursday.
The so-called shareholder agreement prevents shareholders from
selling or transferring their stakes while being parties to the
pact. Bollore is the Italian bank's second-biggest shareholder,
according to the most recent data available on Mediobanca's
website.
Bollore explained in a letter that after nearly 20 years as a
party to the agreement, Bollore will exit the pact effective Jan.
1, 2019, the bank said, without specifying when the original
agreement was set to terminate.
According to Mediobanca, Bollore cited its increasing financial
commitment to Vivendi, its share of which has increased to 26.2%
from 20.6% over the past twelve months.
Bollore said it intends to retain ownership of the interest,
albeit no longer under the terms of the agreement, Mediobanca
said.
Write to Donato Paolo Mancini at
donatopaolo.mancini@dowjones.com; @donatopmancini
(END) Dow Jones Newswires
September 27, 2018 02:53 ET (06:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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