Thursday, September 11, 2008

Vincent Bolloré


Bolloré started his investment career as a bank trainee at Rothschild.

His personal investment career began when he took over the reins at his family-controlled conglomerate Bolloré, which deals in maritime freight and African trade, and paper manufacturing. The company he leads today employs 33,000 people around the world.

He is a well-known corporate raider in France who has succeeded in making money by taking large stakes in French listed companies, in particular the building and construction group Bouygues, where he left with a sizeable capital gain after a power-struggle.

In 2005, through his family company, Bolloré expanded his media interests by launching the Direct 8 television station. Towards the end of 2005, he began building a stake in independent British group Aegis.As at 19 July, 2006, his stake in Aegis stood at 29%. Direct Soir, a free newspaper, was launched in June 2006. In January 2008, he manifested interest in becoming a shareholder of famed, but troubled, Italian car manufacturer Pininfarina.

He is a close personal friend of French President Sarkozy. It has been told that their friendship goes back over 20 years Sarkozy has been criticized for accepting vacations from Bolloré; however, both have insisted that no conflict of interest exists.

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