Vivendi hit with additional EU antitrust charges over Lagardere deal

Vivendi received additional EU antitrust charges tied to its 2023 acquisition of Lagardere, as regulators build a case that could result in a hefty fine. The news raises downside risk to post-deal regulatory outcomes and potential costs if the case advances to penalties. Overall, the development is likely a meaningful overhang for Vivendi’s equity given the size of the potential fine.

Analysis

Vivendi received additional EU antitrust charges tied to its 2023 acquisition of Lagardere, as regulators build a case that could result in a hefty fine. The news raises downside risk to post-deal regulatory outcomes and potential costs if the case advances to penalties. Overall, the development is likely a meaningful overhang for Vivendi’s equity given the size of the potential fine.