Qatar raises stake in French group Lagardere
Written by Reuters, Tuesday, 20 March 2012
Qatar Holding said in the filing that it could raise its stake further after increasing it to 12.8 percent and that it may seek representation on the group's supervisory board.
Qatar Holding added that it may discuss strategic partnerships "allowing the creation of long-term value for shareholders" of Lagardere, though there were currently no specific plans, Reuters reports.
Lagardere shares were roughly flat at 23.565 euros at 1006 GMT.
The company had no immediate comment.
Qatar has been a staunch supporter of Chief Executive Arnaud Lagardere even as some shareholders have assailed the chief executive's strategy for the company his father founded, which competes with Pearson and Bertelsmann in radio and book publishing.
Top stories this week
- China and Tanzania conclude historic naval exercise
- Rheinmetall Denel Munition and North-West University establish explosives training courses
- South Africa still fighting a war against rhino poachers
- Transformation of vitally important Reserves continues
- Two new Rwandan Mi-17s deploying to South Sudan
The Atlantis Group extends Aviation business depth
by Atlantis Corporation, 19 November 2014
The dedicated aviation company, known as Atlantis Aviation, will serve new opportunities in the SADEC region.
Airbus Defence and Space awarded EUR13m periscope maintenance facility for India
by AIRBUS Defence & Space, 19 November 2014
The company's Optronics business unit will deliver a periscope maintenance facility in Delhi for the Indian Ministry of Defence.
MD Helicopters awarded $5.1m logistics support contract for MD 530F primary training aircraft in service with Saudi Arabian National Guard
by Safomar Aviation, 19 November 2014
The company will support the MD 530F primary training helicopter fleet currently in service with the Saudi Arabian National Guard.
Saab receives missile subsystems order
by Saab, 11 November 2014
The company has signed a contract comprising missile subsystems amounting to approximately MSEK 250.
Thales unveils unique counter-piracy service solution
by Thales, 31 October 2014
PASTOR is a high-level services solution based on a combination of early warning, prevention and deterrence systems.
Jens Thostrup - new head of PMR Terminals Business and Indirect Sales at Airbus Defence and Space
by AIRBUS Defence & Space, 30 October 2014
He replaces Pierre Lopez as head of the Terminals Business and Indirect Sales.