French billionaire Vincent Bollore is once again making his presence known to Aegis, acquiring 5 million more shares of the company's stock and bringing his stake to 26.56 percent of the U.K.-based media agency and marketing research holding company, MediaPost reports (via MediaBuyerPlanner). Bollore is chairman and controlling shareholder of Aegis's Paris-based rival Havas.
Bollore is set to gain a number of seats on the Aegis board come May 28, according to the news brief, but stories in the French financial press make it unclear whether Bollore himself would take a seat. If and when Bollore's stake reaches 28 percent, he will be required to declare takeover intentions.
Previous coverage:
- Bollore Speaks Out on Havas, Aegis
- Bollore, a 'Misery' to Aegis, Seeks Board Seats
- WPP Ends Aegis Bid; Bollore May Soon Make Move
- Media Services Kingpin Bollore, WPP May Jointly Bid for Aegis
- Aegis Determined to Keep Bollore off Board
