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Havas to seek shareholder approval for up to 100 mln eur bond issue


Published : Mon, 19 Nov 2007 18:08
By : Agencies
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PARIS (Thomson Financial) - French advertising firm Havas said it will seek shareholder approval for a bond issue of up to 100 mln eur, with the meeting scheduled to take place in mid-January.

The bonds will include redeemable equity warrants and/or subscription warrants, Havas said, and will allow the company to more closely associate managers and key executives with Havas' development over the coming years.

The bond issue will also help strengthen Havas' financial structure, it added.

greg.keller@thomson.com

gk1/lht

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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