Bolloré Group: agreement signed defining arrangements for workers representative involvement after the group changes to Societas Europaea status

In May 2019, Bolloré, a French transportation, communications and logistics conglomerate announced its intention to shift its headquarters and transform its status to a Societas Europaea (SE), a European legal status facilitating business operations across Europe. In parallel, Bolloré’s financial subsidiaries, Financière de l'Odet and Bolloré Participations, as well as its logistics business division, Bolloré Logistics, will also change over to SE status. In line with the European texts relevant to this new change in status, management had to negotiate an agreement defining the arrangements for employee representative involvement on the leadership bodies for the new SEs. The decision was made to implement a single joint representation structure common for all the SEs. The agreement was signed on 04 October 2019 and also intends for the designation of a representative from this joint SE committee to sit on the Bolloré Group SE board of management.