Arnault Family to Simplify LVMH Shareholding Via Dior Merger Plan
Editorial & Advertiser disclosure
Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Arnault Family Merges Christian Dior and Agache to Streamline LVMH Ownership
Overview of the Arnault Family’s LVMH Shareholding Restructuring
PARIS, Sept 23 (Reuters) – The family of French billionaire Bernard Arnault unveiled a plan to simplify the shareholding structure of the luxury group LVMH through Christian Dior, which also belongs to the family, a Dior statement said on Wednesday.
Details of the Merger
Agache and Christian Dior Consolidation
• The Arnault family will merge its holding company Agache with Christian Dior. Agache currently owns 96% of Dior shares and 97.1% of the voting rights in Christian Dior and 6.77% in LVMH and 8.49% of the voting rights in LVMH.
New Entity Structure and Control
• The new entity will be named Agache and it will control directly 49.76% in LVMH and 65.55% of voting rights.
Merger Timeline and Offer Details
Tender Offer for Remaining Christian Dior Shares
• The merger, expected in December, will include a tender offer for the 2.44% of the Christian Dior shares Agache does not own. The Arnault family will offer a price to be defined based on the market price of the LVMH share price.
Listing Status of the New Entity
• The Arnault family does not plan to delist the shares of the new entity.
Current Ownership and Voting Rights
Arnault Family’s Control Over LVMH
• The Arnault family controls 50.33% of LVMH and 66.27% of the voting rights.
Reporting and Editorial Credits
(Reporting by Inti Landauro; Editing by Sanjeev Miglani)
