French industrialist Vincent Bolloré has increased his stake in Vivendi, tightening his grip on the media and content group on the eve of a showdown with activist shareholders. The billionaire and one-time corporate raider, who became chairman of Vivendi last summer, said that his Bolloré Group had bought an additional 24.6m Vivendi shares for €568m, bringing his stake to just above 12 per cent.
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