Bollore Boosts Aegis Stake -- Again

  • May 15, 2006
Aegis Group this morning disclosed that French financier Vincent Bollore acquired another 5 million shares of Aegis stock, bringing his stake to 26.56 percent of the U.K.-based media agency and marketing research holding company. The move brings Bollore, who also is chairman and controlling shareholder of Paris-based Havas, closer to the 28 percent mark where he would be required to declare his takeover intentions for Aegis. Bollore recently stepped up the pressure on the Aegis board to gain seats on the board. According to recent stories in the French financial press, Bollore is set to gain an unspecified number of seats on the Aegis board on May 28, but it is unclear whether Bollore would take one personally.
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