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Publicis closes Saatchi acquisition; discloses voting rights holdings

Published on .

PARIS--The new and enlarged Publicis Groupe, now incorporating Saatchi & Saatchi, disclosed Sept. 11 how voting rights in the company will be allocated. Members of the family of Publicis founder Marcel Bleustein-Blanchet and former Saatchi shareholders will control about 70% of the rights.

The single largest voting bloc, with 36.63% of the rights (and 22.84% of shares), is held by Somarel, the holding company for the Bleustein-Blanchet family. An additional 9.19% of voting rights (5.73% of shares) is held by Elisabeth Badinter, chairman of the Publicis Groupe supervisory board and daughter of the late Mr. Bleustein-Blanchet.

Former Saatchi & Saatchi shareholders will control 24.4% of the voting rights (and 30.42% of shares), while public stockholders will control 26.76% of voting rights (33.24% of shares). In addition, investment fund Putnam will control 3.02% of the voting rights (3.78% of shares).

Publicis said 3.99% of its shares were held by the company on Sept. 11.

Publicis shares commence trading on the New York Stock Exchange as American Depository Receipts on Sept. 12, the company said.

Copyright September 2000, Crain Communications Inc.

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