Energy-rich emirate Qatar has increased its stake again in Lagardere, boosting its position as the largest shareholder in the French media-to-aerospace conglomerate.
The unit of the Qatar Investment Authority, the emirate's sovereign wealth fund, said in a regulatory filing it could raise the stake further after increasing it to 12.8 percent and may seek representation on the group's supervisory board.
The Gulf state has been a staunch supporter of chief executive Arnaud Lagardere in the face of criticism from some shareholders of the CEO's strategy for the company his father founded, becoming its top shareholder in December.
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