The Week: City News - Aegis snubs Bollore again

Aegis Group shareholders have rejected Vincent Bollore's fifth attempt to secure representation on its board at their annual general meeting.

The company said 91 per cent of non-Groupe Bollore shareholders opposed Bollore's proposals to appoint Philippe Germond as a board director and Roger Hatchuel as a director. Bollore owns 29.9 per cent of shares in Aegis, just short of the 30 per cent that would require him to mount a takeover bid.