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In what likely comes as no surprise to Aegis, French billionaire Vincent Bollore has said that he wants to claim seats on the Aegis board, writes The Guardian. According to a source familiar with Bollore, he will raise his shareholding to 29.9 percent and then “he’s going to make their life a misery, he’s going to be a thorn in their side until he gets what he wants which is full control.”
Bollore now holds a greater stake in Aegis than he does in Havas - the French advertising group in which, thanks to a stake building strategy similar to that which he is using with Aegis, he landed four seats on the board and eventually installed himself as chairman.
Aegis has reportedly said that it will attempt to block Bollore if he tries to land seats on the board, but Bollore has enough shares that he can call for a general meeting and attempt to force his way on.
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