Vincent Bolloré leaves the presidency of Vivendi at his son

Vincent Bolloré announced Thursday that he would leave the presidency of the supervisory board of Vivendi, and propose that his son Yannick, who is currently head of group of advertising Havas, to take his place. “I would suggest any time to appoint Yannick Bolloré to the chairman of the supervisory board of Vivendi, has announced the industrial breton, who has held the position since 2014, when the general assembly of the media group.

“This is the last meeting that I chair”, he added, specifying that it should nevertheless remain a member of the supervisory board. Yannick Bolloré is currently the CEO of Havas, absorbed by Vivendi last year.

Vivendi is going through a difficult period, many of his projects being called into question, particularly in Italy. His ambition is to make a covenant with the Mediaset group to create a giant latin media has been a flop.

Conflict with Berlusconi

The group is in conflict with the family Berlusconi, main shareholder of Mediaset, since his decision to return on the redemption of the Mediaset Premium. And his other investment in Italy, with a share of 23.9% in the operator Telecom Italia (Tim) is also in danger.

The fund activist Elliott, climbed to nearly 9% of the share capital of Tim denounces the management of the operator by Vivendi and could undermine its control on its board of directors. Worse, Elliott has obtained the support of the Italian State in its offensive.

(With AFP)

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