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LGDDF - Vivendi: The Post-UMG Future Begins With Lagardere Acquisition
Lagardere Groupe Sca
Vivendi has agreed to acquire Amber Capital's 17.9% stake in Lagardere for a c. €610 million consideration.
The deal presents plenty of synergy opportunities with Vivendi's book and magazine publishing businesses without impacting its capacity for further repurchases.
Following the recent Vivendi share price weakness post-UMG spin, I see plenty of upside as the company rolls out its share repurchases.