Bolloré: more thoughts about the Galaxie!

Interesting meetings in the coming months

Yes it is another Bolloré linked post!

First of all, I had a blast with my friend Philippe Luchesi during a call where we expressed our thoughts about the Bolloré galaxy and answered some Q&A.

Here is the link to the recording where there are subtitles in english so everyone should be happy! The second part will be out soon.

Discussing about a company brings about interesting thoughts and questions.

Vincent Bolloré has been very active in recent months::

- UMG spin off

- carve out of Ports

- carve out of Bolloré Logistics

- Vivendi exploring the idea of spinning offs of Havas,Canal+ and Investments.

At the same time he has used buy backs:

- tender offer at Bolloré level

- Sofibol buying Odet shares at 1 440 €.

- Imperial Mediterranean buying Odet share between 1418 and 1420 €

- Odet buying some Bolloré

In terms in capital allocation, he is using the whole span and what a timing on the sales of Ports and Logistics!