PARIS (dpa-AFX) - Vivendi SE (VIVEF.PK), a French entertainment, media, and
communication company, Tuesday announced that it has closed its transaction with
French travel, publishing firm Lagardere SCA (LGDDF.PK).

Vivendi currently holds around 60 percent of Lagardere's share capital and can
now fully exercise slightly over 50 percent of its voting rights.

The transaction took effect following the closing of the two sales Vivendi had
committed to with the European Commission. These include the sale of Editis to
International Media Invest or IMI, which occurred on November 14, 2023, and the
sale of the Gala magazine, which was owned by Prisma Media, to Groupe Figaro.

According to the company, the operation strengthens its position as a major
player in the fields of culture, media and entertainment, as well as in
publishing, travel retail and experiences.

Vivendi on December 16, 2021 announced its intention to file in February 2022 a
cash tender offer for the Lagardere shares.

With the deal closure, Vivendi becomes significantly larger, with 2022 pro forma
combined revenues of more than 16.5 billion euros. The combined workforce of all
the Group's companies totals around 66,000 employees.

Yannick Bolloré, Chairman of Vivendi's Supervisory Board, and Arnaud de
Puyfontaine, Chief Executive Officer, said: 'As we do for all our businesses,
while preserving its integrity, we will support Lagardère in its development and
the transformation of its businesses. Together, we will strengthen our
international presence in the fields of creation, content and distribution.'



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