Aegis rejects latest Bollore bid

by Ellen Bennett, Media Week 05-Apr-07, 09:00

LONDON - Aegis shareholders have rejected Groupe Bollore's bid to appoint two directors to the board for a third time.

At an extraordinary general meeting, 93% of the votes not controlled by Groupe Bolleré were cast against Philippe Germond and Roger Hatchuel becoming board members.

The Aegis board has repeatedly warned shareholders against voting the pair on to the board because they fear Vincent Bolloré has a conflict of interest, as chairman and major shareholder in rival Havas.

However Aegis chairman Lord Sharman was today reported to have said the Group wished to come to an accommodation with Bolloré.

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