February 12, 2020 / 9:46 AM / 9 days ago

Activist fund Amber raises stake in Lagardere above 10%

PARIS, Feb 12 (Reuters) - Activist investment fund Amber Capital has raised its stake in Lagardere above 10%, France’s financial watchdog AMF said on Wednesday.

The regulator said in a filing that Amber Capital holds 10.58% of Lagardere, which controls assets in publishing, media and airport retail, and 7.93% of voting rights as of Feb. 6.

Amber Capital previously had a stake of around 5.3%.

The investment fund has urged the French media and travel retail group to do more to boost shareholder value. (Reporting by Matthieu Protard, editing by Louise Heavens)

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