“Corporate Raider” Holds His Holding Company

from Adweek: Groupe Bollore, the principal company of corporate raider Vincent Bollore, said it has used about 55 million Havas shares to borrow more than $270 million from an unnamed French financial firm, fueling speculation that Bollore will raise his 22 percent stake in the holding company.
Paris-based Havas is the parent of the Arnold, Euro RSCG and Media Planning Group agency networks. Two key Havas assignments (Volkswagen’s $500 million North American media account and Intel’s $400 million global media and creative business) are currently in review, with incumbent Havas agencies defending.

About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp. Contributor to The Content Strategist. Doer of the things written about herein.