French Regulator Orders Bolloré to Make Public Withdrawal Offer on Vivendi

France's markets regulator has ruled that Bolloré SE and Vincent Bolloré must make a public withdrawal offer for Vivendi SE within six months. This follows the breakup of Vivendi into four parts, which the regulator says triggered an offer to all shareholders to buy back their shares. The ruling favors activist investor group CIAM, which argued the breakup gave preferential treatment to top shareholder Bolloré SE over minority shareholders. Vivendi shares jumped 7.8% on the news.