Vivendi Hit by EU Chargesheet for Closing Lagardere Deal Too Soon
The Vivendi SE headquarters in Paris.
Photographer: Cyril Marcilhacy/BloombergVivendi SE has been hit with a formal European Union complaint for allegedly closing its takeover of Lagardere SA before obtaining the green light from Brussels.
The European Commission said Friday that “Vivendi exercised decisive influence over Lagardere before the transaction was notified to the commission.” The issuing of a so-called statement of objections could pave the way for future fines of as much as 10% of their combined sales.