#Qatar Holding intends to keep its 11.52% share in Lagardère | Reuters

Qatar Holding intends to keep its 11.52% share in Lagardère | Reuters

Qatar Holding LLC has communicated its intention to keep its 11.52% share in Lagardere (LAGA.PA), following the public offer initiated by Vivendi (VIV.PA) for shares in the group, which owns Europe 1, Paris Match and Le Journal du Dimanche.

"Qatar Holding LLC indicates that it does not intend to tender its shares in Lagardère S.A. to the main or secondary branch of the public offer filed by Vivendi S.E. on 21 February 2022," the company said in a statement on Sunday.

Qatar Holding, which is owned by the Qatari sovereign wealth fund, added that it "may consider acquiring or selling Lagardere S.A. shares depending on market opportunities and/or applicable regulatory requirements."

Lagardere is an international group headquartered in Paris with companies in media, publishing and travel retail.