Shearman & Sterling advised Vivendi on the acquisition of a 60% majority stake of the Bolloré Group in Havas. This strategic transaction will allow Vivendi to accelerate its building of a leading world-class content, media and communications group and will afford the newly created group a unique position in an environment in which content, distribution and communications are converging.

Pursuant to the agreement signed on June 6, 2017, and following the approval by the relevant competition authorities, Vivendi acquired on July 3 a 59.2% stake in Havas held by the Bolloré Group, at €9.25 per share.

Following this acquisition and in accordance with market regulations, Vivendi will launch a simplified tender offer on the remaining Havas shares.

The Shearman & Sterling team was led by of counsel Cyrille Niedzielski (Paris-Corporate) and partners Guillaume Isautier (Paris-Mergers & Acquisitions) and Hervé Letréguilly (Paris-Corporate).