Guy Wyser-Pratte has boosted Lagardere

Put under pressure by Guy Wyser-Pratte complains strategy, Arnaud Lagard?re, general partner of the Lagard?re group, has defended his record at the general meeting of shareholders held this morning at the Palais des Congr?s Paris. He said he was "optimistic" about prospects for his group in 2010. "In 2009, the cash flow was very well kept, with 650 million euros. And that's a powerful symbol of a sound and applied to the cash, "said Arnaud Lagardere. He added: "All family groups are extremely sensitive to this criterion one, which is the most vital criterion for a company in the long term."

Lagard?re: -18% and 10% in less than a year

In 2009, Lagard?re has 4 divided by its net profit to 137 million euros and issued a revenue down 4% to 7.9 billion euros.Lagardere will publish its turnover in the first quarter 2010 on May 11 next.

It is interesting to note that since the offensive led by Guy Wyser-Pratte cons strategy Arnaud Lagard?re, General Partner of Lagard?re, March 25 last, the stock has gained around 10% (figure at 10:30 AM, Ed) . And, while the price lost almost 18% since October 2009. He took the opportunity to slip a few tackles to Guy Wyser-Pratte: "The dictatorship of the immediate is probably the most destructive of shareholder value. We will never get into the music, the display and large terrestrial TV and pay, "said Arnaud Lagardere.

The Autorit? des march?s financiers (AMF) by its president Jean-Pierre Jouyet, has confirmed that the Lagard?re was put under surveillance for several weeks."As in such situations, we monitored closely the evolution of the title and the statements of each other in the preparation of this meeting," he said Monday at Canal + Guaranteed high risk Personal loans.

The MFA does not investigate

Last Friday, a spokesman for the AMF had confirmed receiving a letter of Lagard?re."We look at which patterns of the market as we look at the title and transaction information is transmitted," she said, adding that a supervision order does not imply any launch an investigation.

In late March, the American financier Guy Wyser-Pratte, who holds 0.53% stake in the group Lagard?re has submitted two resolutions: one to make his entrance to the supervisory board and the other to call into question the Staff Partnership Group for Lagardere to develop it into a corporation. Two resolutions that Arnaud Lagardere has always opposed.

Guy Wyser-Pratte can count on the support of Riskmetrics, a consulting firm specializing in governance and whose advice is well attended by institutional investors, representing over 78% of the capital of Lagard?re.For its part, Arnaud Lagardere has received support from the Association of Small Holders assets (Appac) holding 3.5% stake in Arcelor.

After one of the few values to evolve in the green at the Paris Bourse, the Lagard?re shows a sharp decline towards 12.15: -0.71% to 31.41 euros in a market down by 1.46% .

ALSO READ:

"Lagard?re: a general assembly under high voltage

"Arnaud Lagardere cons-attack

"Lagard?re: Wyser-Pratte won significant support

"Lagard?re rejects proposals Wyser-Pratte

• Valeo supported by the scrappage
• The Paris Stock Exchange returns in the red
• The Cac 40 should remain cautious
• Qatar would buy 30% of the GMP
• LVMH: an opportunity "not to miss"