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2 Sept 2021

French Billionaire Arnault to Restructure Lagardere Holdings

The Index Today

French media and publishing firm Lagardere confirmed yesterday that the French luxury goods billionaire Bernard Arnault had decided to sell its entire stake in Lagardère Capital in exchange for Lagardère SA shares held by Lagardère Capital.

The transaction which will be carried out by means of an unequal reduction in Lagardere capital’s share is expected to be finalized in the first week of October at the latest, Lagardere confirmed. It also said that a shareholders’ agreement between the parties will be terminated.

© Photo: Esquire ME

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