The National Financial Prosecutor’s Office (PNF) opened a judicial investigation in April on suspicions of vote-buying, abuse of company assets, inaccurate accounts and false or misleading information in the deal between the Lagardère group and the Amber Capital fund, according to Le Monde . After months of battle, the peace had been signed with its turbulent shareholders, Vincent Bolloré, Bernard Arnault and the British activist investment fund Amber Capital.
By signing an agreement with his partners, Arnaud Lagardère had also put an end to the multiple ongoing procedures with Amber Capital. But the story got out of hand: the PNF decided to resume the complaint presented by the activist fund in February, when the crisis was still ongoing. The National Financial Prosecutor has in fact decided to examine a complaint filed in February by the British activist investment fund Amber Capital. At the end of April, the Lagardère group had found common ground with its main shareholders – Vincent Bolloré, Bernard Arnault and Amber Capital in the lead – on the thorny issue of its governance. He had also signed a “settlement agreement” with Amber Capital putting an end to the various legal proceedings that had opposed them for years.
Threatened to be blocked and faced with the economic difficulties of his group – owner of Hachette Livre and several media including radio Europe 1 and the weekly Paris Match – during the pandemic, Arnaud Lagardère, 60, had to surrender to powerful shareholders , but he got a CEO post for six years.