PARIS, Sept 24 (Reuters) – Groupe Arnault, the household holding firm for France’s richest man Bernard Arnault, has snapped up a stake in media and publishing conglomerate Lagardere LAGA.PA and cemented his ties to its managers, the companies stated on Thursday.
Groupe Arnault now holds over 5% of Lagardere immediately, the businesses stated. It has additionally finalised its acquisition of 27% of a car by means of which Lagardere Chief Govt Arnaud Lagardere controls the corporate.
(Reporting by Sarah White; modifying by David Evans)
((firstname.lastname@example.org; + 33 (0) 1 49 49 56 85;))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.