Home Entertainment Media Arnaud Lagardère in March 2019 – R.Meigneux / SIPA The Lagardère group, whose turnover is battered by the Covid epidemic – 02 and the contested governance , was granted a loan guaranteed by the Et at of 465 millions euros, according to the Official Journal published on Sunday. The group, led by Arnaud Lagardère and owner of the publisher Hachette, the Relay boutiques and the Europe 1 media, Paris Match and Sunday Newspaper , had recorded in the third quarter a decline in turnover of 38% to 1.2 billion euros. The revenues of the distribution branch in stations and airports (Relay and duty free shops) notably collapsed by 66 % at 393 million euros, after s have already backed down from 49% in the first semester. A sling of shareholders State guaranteed loans (PGE) facilitate the granting of ” a loan from a company with cash flow difficulties. In the event of non-repayment, the State undertakes to bear the bulk of the rest of the credit to be repaid, in this case 80%. According to the text of the decree, Lagardère SCA has taken out this loan from twelve establishments banks, including BNP Paribas, Commerzbank and Société Générale. The family group, which is listed on the stock exchange and has the status of limited partnership with shares (SCA), is also the subject of a rebellion by its two first shareholders, the Vivendi group. and the Amber Fund. Together they represent 38% of the capital and criticize the governance of Arnaud Lagardère, but have so far failed to obtain the convening of an extraordinary general meeting.
Home Entertainment Media Arnaud Lagardère in March 2019 – R.Meigneux / SIPA The Lagardère group, whose turnover is battered by the Covid epidemic – 02 and the contested governance , was granted a loan guaranteed by the Et at of 465 millions euros, according to the Official Journal published on Sunday. The group, led by Arnaud Lagardère and owner of the publisher Hachette, the Relay boutiques and the Europe 1 media, Paris Match and Sunday Newspaper , had recorded in the third quarter a decline in turnover of 38% to 1.2 billion euros. The revenues of the distribution branch in stations and airports (Relay and duty free shops) notably collapsed by 66 % at 393 million euros, after s have already backed down from 49% in the first semester. A sling of shareholders State guaranteed loans (PGE) facilitate the granting of ” a loan from a company with cash flow difficulties. In the event of non-repayment, the State undertakes to bear the bulk of the rest of the credit to be repaid, in this case 80%. According to the text of the decree, Lagardère SCA has taken out this loan from twelve establishments banks, including BNP Paribas, Commerzbank and Société Générale. The family group, which is listed on the stock exchange and has the status of limited partnership with shares (SCA), is also the subject of a rebellion by its two first shareholders, the Vivendi group. and the Amber Fund. Together they represent 38% of the capital and criticize the governance of Arnaud Lagardère, but have so far failed to obtain the convening of an extraordinary general meeting.