{
  "docId": "019dd923-622c-750b-8b96-54d2d65f46fb",
  "docSlug": "f004c0c14f61",
  "documentTitle": "Bolloré SA (BOL FP)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C Block",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2015-02-17 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.78790915,
  "pageNumber": 17,
  "pageCount": 26,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "valuation_table",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 40,
  "notes": "Includes a table of public company holdings and detailed footnotes regarding Havas ownership history.",
  "elementsJson": [
    "paragraph",
    "data_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b96-54d2d65f46fb/17",
  "deckHref": "/decks/019dd923-622c-750b-8b96-54d2d65f46fb",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b96-54d2d65f46fb.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b96-54d2d65f46fb#slide-17",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We currently attribute €0 value to the segment in our sum of the parts valuation.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-64cd-733b-aca0-1132ead95fb9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Bolloré Value: €4,679",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-64cd-733b-aca0-1439c6dc2ac6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.705,
        "x": 0.148,
        "y": 0.382
      },
      "kind": "paragraph",
      "text": "The majority of the value in BOL's publicly held stakes are in the telecom, banking and advertising industries. BOL's public stakes were valued at €4.525bn as of February 16, 2015.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0ee905ba-60e9-4d1f-897d-ada9114ecc40",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.705,
        "x": 0.148,
        "y": 0.635
      },
      "kind": "paragraph",
      "text": "Havas SA (HAV FP) BOL began to accumulate shares in global HAV in 2004. Following a recent tender, BOL has increased its stake to 72.98%...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3ff4938d-b946-442c-8a22-7dfd236163a0",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.6,
        "x": 0.148,
        "y": 0.845
      },
      "kind": "source-note",
      "text": "Footnotes 46-49 detailing sources for Havas investment history.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4e53655c-3bff-4055-b466-7601682c6a9a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.145,
        "w": 0.705,
        "x": 0.148,
        "y": 0.455
      },
      "kind": "table",
      "text": "Table of public company stakes including Havas, Vivendi, Mediobanca, etc.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b4e77d12-2964-442e-b7b0-1815e3acfc24",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.45,
        "x": 0.148,
        "y": 0.375
      },
      "kind": "title",
      "text": "Public Company Stakes – Values and Descriptions",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c16c7626-26d6-4b33-9de9-0076825baed9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}