PARIS, Sept 16 (Reuters) – Shares in France’s Lagardere LAGA.PA jumped by 20% on Thursday after media group Vivendi VIV.PA said it would buy another stake in the company, paving the way for a full takeover.
Canal+ owner Vivendi, which already owns 27% of Lagardere, said it had agreed to buy Amber Capital’s 17.9% holding for 24.10 euros per share, or about 610 million euros.
Vivendi said it would later launch a full bid at the same price once it has passed the 30% threshold requiring companies in France to make a takeover offer.
(Reporting by Matthieu Protard and Sudip Kar-Gupta Editing by David Goodman )
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