Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Vivendi's ad unit Havas to spend 100 mln euros on corporate PR arm

Published 14/06/2018, 14:29
Updated 14/06/2018, 14:30
© Reuters. FILE PHOTO:  Yannick Bollore, Chairman and CEO of Havas Group, speaks at the media group Vivendi company's shareholders meeting in Paris

© Reuters. FILE PHOTO: Yannick Bollore, Chairman and CEO of Havas Group, speaks at the media group Vivendi company's shareholders meeting in Paris

LONDON/PARIS (Reuters) - Vivendi's advertising division Havas aims to become a world leader in corporate financial communication through a 100 million-euro (87.7 million pounds) investment, its chief executive Yannick Bollore said on Thursday.

Havas will beef up its dedicated international advisory network AMO by spending most of that sum on acquisitions, notably in the United States, Spain, Italy and Southeast Asia, Bollore, who is also chairman of Vivendi (PA:VIV), told Reuters in an interview.

"We really want to become the number one corporate financial communication network in the world, we are already number one in terms of new accounts," Bollore said.

Havas should post a higher growth of its underlying sales in the second-half than in the first half, he added.

© Reuters. FILE PHOTO:  Yannick Bollore, Chairman and CEO of Havas Group, speaks at the media group Vivendi company's shareholders meeting in Paris

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.