Bolloré Group Makes Offer to Take Majority Control of Havas Group

Proposal would increase its stake from 36 percent

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Bolloré Group, already a dominant shareholder of Havas Group, now wants to take majority control.

In a brief conference call today, Havas Group confirmed that Bolloré had made an offer that would increase its stake from 36 percent to more than 50 percent. Havas CEO Yannick Bolloré described the offer as "friendly," but said his board had appointed an independent expert to assess the terms. The board also has scheduled a meeting in mid-November to discuss the proposal.

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