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FINANCIAL NEWS
Qatar ups stake in French conglomerate Lagardere
19 Mar 2012
(MENAFN) Qatar said it agreed to rise its hold of shares in French media-to-aerospace conglomerate Lagardere, Reuters reported.
Qatar Holding said in a filing to the French AMF financial regulator that it could raise its stake further after increasing it to 12.8 percent and that it may seek representation on the group’s supervisory board.
Qatar Holding added that it may discuss strategic partnerships allowing the creation of long-term value for shareholders of Lagardere.
Qatar has been a staunch supporter of Chief Executive Arnaud Lagardere even as some shareholders have assailed the chief executive’s strategy for the company that competes with Pearson and Bertelsmann in radio and book publishing.
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