Vincent Bolloré tightens Vivendi grip with further share purchase

VivendiFrench industrialist Vincent Bolloré has increased his stake in Vivendi, tightening his grip on the media and content group on the eve of a showdown with activist shareholders. The billionaire and one-time corporate raider, who became chairman of Vivendi last summer, said that his Bolloré Group had bought an additional 24.6m Vivendi shares for €568m, bringing his stake to just above 12 per cent.

For the full story read FT.Com