Cyrille Bolloré Challenges ‘Time To Switch-Off Bolloré Letter’: “There Is No Political Project”
Cyrille Bolloré, Chairman and CEO of the Bolloré Group, has addressed an open letter launched at Cannes accusing his father Vincent Bolloré of political interference in France’s media and entertainment sectors.
Speaking at the group’s general assembly in Paris on Wednesday, Cyrille Bolloré evoked an atmosphere of “irritation” and “agitation” in reference to the letter titled “Time To Switch-Off Bolloré”.
Launched on the opening night of the Cannes Film Festival, and initially signed by 600 local film professionals, the letter took aim at the acquisition of a 34% stake in French major UGC, with an option to buy it outright in 2028, by pay-TV giant Canal+, in which the Bolloré Group is the biggest shareholder with a 30.4% stake.
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