French tycoon Vincent Bollore on Friday mapped out an offer to acquire control over at least 50 percent of Havas (EURC.PA), the world's sixth-largest advertising company he started investing in over 10 years ago.
Vincent Bollore will be elected as the new Chairman of the Paris, France-based company Vivendi SA after the spin-off of its telecommunications business will be finalized.
Blue Solutions rose as high as USD18.64 per share in the first day of its initial public offering.
According to a Bloomberg report, Vivendi SA would be moving closer to a spin off of its telecommunication and media assets, with investor Vincent Bollore appointed as new deputy chairman.
French billionaire Vincent Bollore is Vivendi's largest shareholder and is not seeking a paying position in the French conglomerate.
After a disappointing recommendation for the next Vivendi CEO, Vincent Bollore throws hat into the ring for the position.