French media conglomerate Vivendi made a last-ditch effort on Wednesday to stave off a potential EU antitrust fine, following charges it closed its acquisition of publisher Lagardere before receiving regulatory approval.
The CAC 40 Index has come under intense pressure in recent weeks, remaining significantly lower than its year-to-date high of €8,260. It was trading at €7,820 as traders brace for the upcoming European Central Bank (ECB) decision, the August 1 tariff deadline, and top earnings.
Shares in Vivendi rose by up to 12.5% in early trade, on Friday, after the French financial regulator, or AMF, said majority shareholder Vincent Bolloré and its holding company Bolloré SE would have to launch a public buyout offer.
Die Aktien von Vivendi FR0000127771 sind am Freitag um mehr als 12 Prozent nach oben gesprungen.
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