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Havas Denies Takeover Rumours

Havas Denies Takeover Rumours

Havas has distanced itself from chief executive Vincent Bollore’s comments surrounding a possible takeover of media group Aegis, clarifying that the French entrepreneur was speaking in his capacity as chief executive of Groupe Bollore, and not as head of Havas.

However, Havas refused to rule out its own approach for Aegis, stating only that Bollore’s comments should “not be taken as having any bearing on the question of whether or not Havas might participate at any time in any offer for Aegis in any capacity.”

Yesterday Bollore increased his holding in Aegis to 12.63%, furthering speculation surrounding his intentions towards the media group (see Bollore Raises Stakes As WPP Shows Interest In Aegis).

A bidding war for control of Aegis now looks inevitable, with the company confirming that is has held talks with “more than one” potential bidder, although refusing to reveal their names.

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