Clarification: Bollore's Aegis Stake Not Reduced, Just Diluted

  • May 7, 2007
Clarification: French financier Vincent Bollore did not reduce his stake in Aegis Group (MediaDailyNews May 3) to 28.96% from 29.09%, but had his equity reduced to a small increase in the number of publicly traded shares issues by Aegis. The reduction in Bollore's Aegis Group equity was reported as part of London Stock Exchange rules, but does not reflect a cutback in his investment in the U.K. agency holding company, which some observers believe he still plans to take control of.
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