You are here:
29 June 2021 / deal

Loyens & Loeff advised Vivendi on its sale of 10% of Universal Music Group to Pershing Square Tontine Holdings

Loyens & Loeff advised Vivendi on its sale of 10% of its shares in Universal Music Group B.V. (UMG) to Pershing Square Tontine Holdings (PSTH), a SPAC led by William Ackmann, for 3.5 billion euro. The closing of this transaction is conditional on continued participation of PSTH shareholders after they are afforded customary redemption rights, and completion of U.S regulatory processes.

Loyens & Loeff advised Vivendi on its sale of 10% of Universal Music Group to Pershing Square Tontine Holdings

Loyens & Loeff is also advising Vivendi on the expected distribution of 60% of UMG’s share capital to Vivendi shareholders and the listing of UMG on Euronext Amsterdam towards the end of September, subject to the relevant approvals.

The Loyens & Loeff team consists of Michel van Agt, Wouter Kros, Stijn Werdmölder, Dynah Dettingmeyer, Bastiaan Cornelisse, Rik Walschot and Jeannette van Rees (Corporate / M&A), Marcel Buur, Gerjan van Eijk and Sandrine Lekkerkerker (Tax).



letstalklegal-blue

Shareholder activism: Minority rights and shareholder lawsuits

Changes to minority rights and shareholder lawsuits potentially affecting shareholder activism in Switzerland in the future. read more

Legislative proposal on a more balanced men-women ratio adopted

On 28 September 2021, a legislative proposal to improve the men-women ratio in boards was adopted by the Dutch Senate. read more
OptiGroup AB acquires Koemans Verpakkingen B.V

OptiGroup AB acquires Koemans Verpakkingen B.V

The company will become part of OptiGroup’s Packaging business area and will continue to operate under its current brand. read more