News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Bolloré sale sparks fresh talk of Havas merger

French financier Vincent Bolloré has sold a 7.6% stake in Vallourec, the French specialist steel tubing group, for an estimated €500m ($603.5m). The sale has renewed speculation that he may use the cash to push for a merger between UK advertising group, Aegis, and its French rival, Havas.

BNP Paribas, Merrill Lynch and UBS sold the Vallourec shares, equal to about half of Bolloré's stake in the company, yesterday.

WSJ Logo