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Activist investor teams up with Vivendi at French conglomerate Lagardère

The French media conglomerate's shares have dropped 25% this year

Vivendi on Tuesday said it will team up with activist investor Amber Capital to get board representation at media conglomerate Lagardère.

They are seeking three board seats for Amber Capital and one for Vivendi, according to the Lagardère shareholders. Vivendi holds 23.5% of Lagardere and Amber Capital holds 20%.

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