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Stock impact report

French billionaire Bollore to stand trial on corruption charges regarding Guinea and Togo [Yahoo! Finance]

VIVENDI SE UNSP/ADR (VIVHY) 
NASDAQ:AMEX Investor Relations: vivendi.com/en/investment-analysts
Company Research Source: Yahoo! Finance
campaigns ?in Togo and Guinea in 2009, 2010 and 2011, the ?French financial prosecutor's spokesperson said on Thursday. Bollore is suspected of having bribed foreign officials in Puteaux, a Paris suburb, during the election campaign of presidents Faure ?Gnassingbe in Togo ?and Alpha Conde in Guinea, the spokesperson said. The French tycoon had been placed under ?formal investigation in 2018 over allegations his company undercharged for work on behalf of presidential candidates in ?Guinea ?and Togo in return ?for port contracts. Conglomerate Bollore ?Group, which is controlled and run by the billionaire's family, used to own logistics assets in Africa but sold them to shipping company MSC Group in 2022. Bollore and his family also own significant stakes ?in listed companies such as ?Vivendi and Havas. Two other persons ?are co-defendant in ?the corruption cases, the prosecutor said, ?Gilles Alix, who used to ?be board ?member of Vivendi, and Jean-Philippe Dorent, who is curre Show less Read more
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