Guy Wyser-Pratte called for a public tender offer for Electricite et Eaux de Madagascar, or EEM, by Groupe Verneuil, according to an e-mailed statement from Paris- based lawyers BCW & Associes on his behalf.
Paris prosecutors are conducting a preliminary inquiry into an insider trading complaint filed against Guy Wyser-Pratte by Electricite et Eaux de Madagascar, Investir said today, without saying how it obtained the information.
Lagardere SCA activist investor Guy Wyser-Pratte failed to win a seat on the company’s board, marking a victory for the company’s chief executive officer. Lagardere’s shares fell as much as 5.6 percent in Paris trading.
British banks may have to pay more than 20 billion pounds ($31.9 billion) a year, twice as much as competitors, because of additional regulation and taxes in their home market, according to Goldman Sachs Group Inc. analysts.
Guy Wyser-Pratte has taken a stake of 10 percent in Electricite et Eaux de Madagascar and wants to oust Chief Executive Officer Francois Gontier, La Tribune reported, without saying where it got the information.