(AOF) – Vivendi today finalized its merger with the Lagardère group. This merger is effective following the finalization of the two transfers to which Vivendi committed to the European Commission, namely that of 100% of the capital of Editis to International Media Invest (IMI), which took place on November 14, and that of Gala magazine (which was owned by Prisma Media) at the Figaro Group finalized today. Vivendi currently holds approximately 60% of the capital of Lagardère and can now fully exercise just over 50% of the voting rights.
Thanks to this merger, Vivendi acquires a significantly larger size, with a combined pro forma 2022 turnover of more than 16.5 billion euros. The workforce of all the group’s companies includes around 66,000 employees present on all continents.
“The alliance of our know-how marks a new stage in our strategic ambition of transformation, internationalization and integration, and propels us towards the future. Our activities, both in terms of product portfolio and implementation geographical, complement each other perfectly”, declared Yannick Bolloré, Chairman of the Supervisory Board of Vivendi, and Arnaud de Puyfontaine, Chairman of the Management Board.