And Vienna insurance is the buyer: they will pay 120€ per share to buy out Nürnberger Beteiligungs AG. A nice run this year for all shareholders (including yours truly)

Solid numbers from Lagardère

deal officially completed.

How the Trump companies made $1bn from crypto on.ft.com/4olkLoi

Pernod Ricard Q1 CC at 9:00 CET www.pernod-ricard.com/en/media/inv...

Carlo Ponzi. He's like the celebrated symbol of america currently.

Canal+ holds 94.4% of Multichoice and will proceed with a squeeze-out of minority shareholders.

Everyone in the USA is looking forward to Trump's campaign for 6th term in 2040

10 MBq Pu-239 intake

If you'd have invested in potatoes at the start of this year, you'd have done... poorly

livestream from Italmobiliare's capital markets day starts in 30min www.italmobiliare.it/en/investor/...

Some news on Co.Br.Ha (Haacht) derijkstebelgen.be/nieuws/boude...

Umicore PM recycling has high 'permanent' Gold inventories which it is now reducing through sale/lease with lower cost than debt... interesting move "liberating" ~400m€ in funds

A long-form interview in the latest VFB magazine with the CEOs of Bois Sauvage and Neuhaus www.vfb.be/artikel/we-b...

Yesterday @fuwnews.bsky.social reported that the Jacobs family had negotiated with CVC to take Barry Callebaut private, but the deal fell apart... interesting!

Remgro distributing some goodies, 248 ZAC dividend + 200 ZAC special dividend - and, on top, the spin-off of E Media Holdings (~42 shares per 100 Remgro, worth another ~95 ZAC/share)

The issue was slightly oversubscribed, only 96% of rights exercised (huh?) but others oversubscribed giving a total ~109% subscription rate. I am back in at ~52 (sold before ex-rights). Interesting that Peugeot stated in its CC that it wanted to maintain image of LT partner & participated, but 1/n

Details on the Unilever ice cream spin-off: 1 "Magnum Ice Cream" share for 5 Unilever shares. Unilever will retain a ~20% stake in Magnum

Uptake was higher, but not that much (73%). The Dubreuil family will be happy, they will increase their holding again.

Goyard (1853) was founded 1 year before Louis Vuitton (1854), but it seems its products only recently became "viral". I'm seeing these bags more often and the financials really show impressive growth in the last years.

RIP George. You survived both my parents who often told about your birtday party in Paris.

the JAB playbook: acquire more shares (on margin?) as the stock keeps tanking. Goudet now at 10% stake with the stock down ~10% since his 5% filing. @mrmarketmis.bsky.social

Cresud AGM agenda: this is really the icing on the cake that has been in the oven for 5 years now. Well done Mr Elsztain and all those that rode the warrants over this period (if you don't praise yourself, no one will 🤪).

Real Estate is not just about leasing square meters.

Platinum now reaching 10 year highs (but still much below ath of ~2300 $/oz from 2008)

If you know, you know 😂

Next up is Cédric de Bailliencourt chipping in for a few shares

The first one: Cyrille B putting some 2m€ to work

Jonathan Clements, journaliste et blogueur financier, est mort à 62 ans. Il avait rédigé un magnifique article annonçant son décès, dans lequel il revient aussi sur sa vie. Une belle sortie de scène.

I'm sorry, I can't hear you over the sound of HOLY CRAP THAT'S AMANAMAN!!!

Much higher than usual volume in Bolloré shares during the last days. I'd expect some corresponding filings soon.

I'm old enough to remember when these two companies were split to create value some 10 years ago. Now they're combining again to create value. I guess investment bankers will be happy.

Would you be able to communicate with people from 1000 years ago? (excerpt from Beowulf, written in old english, between 975 and 1010)

lot of people immediately able to grasp why this is bad still making excuses for posting on twitter

America used to be a real country (sort of...) youtu.be/1-RfmhL1RR0 [Video from 4 years ago]

Another nice disposal at NAV of non-core development assets from HK Land.

Let's see/hear what they have to say (CC at 10am CET)

Exor: the stake in Philips is now as large as the legacy stake in Stellantis, interesting. Bravo to them for having most (~75%) of their assets in LISTED companies, the results prove them right compared to the various PE victims in the space.

Peugeot Invest H1 NAV. Really cleaning up house: sold 35 (!) different fund investments managed by 22 different companies for total proceeds of 221m€

HAVAS: the footnotes reveal that Cie de l'étoile des mers has bought another 16.5m shares since the last filing. The group now owns 41.8% (including YB's shares)

Now we also know how many Canal+ shares Odet has bought (the Havas amount was already known from the AMF filing relating to Cie de l'étoile des mers) from the UMG disposal.

Total clown alert 🤡 www.prnewswire.com/news-release...

some wild price swings in IMDA today before the stock goes ex-rights tomorrow. I exited for now, hope to buy back cheaper, maybe through rights or just straight on the market. At 58 the stock is 'only' at a ~30% discount to the diluted NAV, vs ~45% when I entered earlier this year. Wait&see 4 now.

Statement from Rubis this morning...

I guess that confidentially submitted draft registration statement from UMG is all we're going to get. Maybe some more info tomorrow with Bolloré's results.

I have fond memories of the Cora hypermarket in Rocourt, and was sad when I read that they all had to close. Very nice that I am now indirectly a part owner of the real estate through CBS' stake in the MEREP 3 fund 😊

More details on the "appetite" of LVMG, Seydoux and Peugeot for extra shares in IMDA, from the information document

One could also wonder who is "using" UBS to play big position games in this stock (main component of these notifications are 11/2027 to 09/2028 24€ cash-settled call options)

🧐 (F. Laroze is CFO of Vivendi and Havas...)