French Tycoons Assail $505 Million Stock Offer to Rubis Partners

Rubis SCA's largest shareholder, Vincent Bolloré, and Xavier Niel oppose the fuel retailer's proposal to grant approximately €450 million in stock to its general partners, according to Reuters. The two French billionaires are seeking to block the award or have it reduced. Rubis SCA has not yet responded to the opposition.

• Bloomberg — French Tycoons Assail $505 Million Stock Offer to Rubis Partners

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