Levy Brokers Deal Between Warring Sisters

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The year-long family feud which threatened the future of the Publicis dynasty has been settled, with the younger daughter of founder Marcel Bleustein-Blanchet selling her stake in the company late last week.
While earning herself a reported $205 million for her shares in Somarel, the Publicis holding company, as well as those held directly in the French agency, Michele Bleustein-Blanchet agreed to a settlement which guarantees the founding family will retain control of the world’s 13th-largest agency through her sister, Elisabeth Badinter, nonexecutive chairman of the board of Groupe Publicis.
The deal was hammered out by Maurice Levy, Publicis CEO.

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