French entrepreneur and Havas chairman, Vincent Bollore, has continued to acquire shares in UK marketing firm, Aegis, purchasing a further 2.9 million shares pushing his stake in the company to 25.47%.
Bollore has steadily been increasing his share in Aegis, fuelling industry speculation of a possible merger between the UK media company and Havas, of which he is chairman and main shareholder (see
Bollore Raises Aegis Stake To Over 25%).
Bollore’s intentions towards Aegis are not yet known in full, with the businessman claiming he will not take his stake in the firm beyond 30%, the point at which he is obliged to offer at least 143.75p per share for the firm under British takeover regulations.
Bollore has yet to request a seat on the Aegis board, and has described his share purchases as a financial interest, rather than a strategic one (see Bollore Surpasses 20% Share In Aegis).
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