Vivendi AGM backs plans for possible share buyback

Reuters

Published Apr 15, 2019 18:15

Vivendi AGM backs plans for possible share buyback

PARIS (Reuters) - Shareholders at Vivendi's annual general meeting on Monday backed plans by the French media conglomerate for a possible share buyback that could give billionaire Vincent Bollore's holding company greater control of Vivendi (PA:VIV).

The Vivendi AGM also formally approved on Monday Vincent Bollore's replacement on the board of Vivendi by his son Cyrille.