Edition:
India

Lagardere and Arnault Families Finalise Partnership Terms


Thursday, 24 Sep 2020 

Sept 24 (Reuters) - Lagardere SCA ::ARNAULT AND LAGARDÈRE FAMILIES HAVE FINALISED THE TERMS OF THEIR PARTNERSHIP ANNOUNCED ON 25 MAY 2020.ARNAUD LAGARDÈRE CONTINUES TO CONTROL LAGARDÈRE CAPITAL AND REMAINS ITS CHAIRMAN.GROUPE ARNAULT ACQUIRED A DIRECT INTEREST IN LAGARDÈRE SCA AND NOW HOLDS MORE THAN 5% OF ITS SHARE CAPITAL..ARNAUD LAGARDÈRE CONTINUES TO CONTROL LAGARDÈRE CAPITAL AND REMAINS ITS CHAIRMAN.GROUPE ARNAULT WILL FILL ONE OF THE FOUR SEATS ON THE BOARD OF DIRECTORS OF ARJIL COMMANDITÉE - ARCO.GROUPE ARNAULT’S EQUITY INVESTMENT DOES NOT GIVE RISE TO A CHANGE OF CONTROL IN LAGARDÈRE CAPITAL OR ARJIL COMMANDITÉE - ARCO.FURTHER TO TRANSACTION TODAY, GROUPE ARNAULT HOLDS, THROUGH SUBSIDIARY FINANCIÈRE AGACHE, INTEREST REPRESENTING C. 27% OF LAGARDÈRE CAPITAL'S SHARE CAPITAL.LAGARDÈRE CAPITAL ITSELF HOLDS 7.26% OF THE SHARE CAPITAL AND 11.00% OF THE VOTING RIGHTS OF LAGARDÈRE SCA, AND 99.88% OF ARCO.