Publicis withdraws from battle for Aegis as Bollore swells stake

by Gordon MacMillan, Brand Republic 17-Oct-05, 08:50

LONDON - Publicis Groupe has pulled out of the battle for Aegis and will not make an offer, as French financier and Havas chairman Vincent Bollore increased his stake in Aegis to 17.38%.

Bollore: now owns over 17% of Aegis

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News Items: Publicis Groupe confirms talks with Aegis; Publicis boss Levy admits Aegis would be 'a good fit'; Bollore adds to Aegis stake to become second largest shareholder; Publicis takeover of Aegis would not be hostile; Publicis denies it is on the verge of Aegis offer as talks continue; Bollore raises ante in Aegis battle as he takes stake above 11%

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Publicis withdraws from battle for Aegis as Bollore swells stake

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