Vivendi Shareholders Approve Bollore-Backed Split Project
(Reuters) - Shareholders of French media conglomerate Vivendi approved on Monday the split project backed by the Bollore family that has faced some market scepticism and opposition from minority shareholders.
The motions received over 95% of votes in favour, a resounding win for the Bollore clan.
A two-thirds majority was required to validate the split during an extraordinary general meeting in Paris, as public protests against the project outside of the venue led to police intervention.
(Reporting by Leo Marchandon and Gianluca Lo Nostro in Gdansk, Florence Loève in Paris. Editing by Mark Potter)
