Malaysian billionaire supports Bollore

Vincent Bollore's unsuccessful bid for two seats on the Aegis board was supported by a Malaysian billionaire who has quietly built up a 2.26% stake in Aegis, according to a British newspaper. <BR><BR> The Daily Telegraph has revealed that EFL, a Manila-based company owned by Ananda Krishnan Tatparanandam, voted with Bollore (pictured) at last week's Aegis AGM. <BR><BR> Tatparanandam is believed to be worth US$4billion and is Malaysia's second richest person. He built the Petronas Twin Towers, currently the world's second tallest building, and has invested in entertainment, telecoms, oil, power, shipping and media. <BR><BR> EFL and an unknown European investment fund holding 0.5% of Aegis shares are believed to have cast the only additional votes in support of Bollore's board candidates Philippe Germond and Roger Hatchuel, according to the Telegraph. <BR><BR> The majority of shareholders supported the board's view that, as chairman of Aegis' rival Havas, it would be a major conflict of interest for Bollore to have board representation. <BR><BR> <a href=" http://www.brandrepublic.com/home/article/565081/bollore-supporter-revealed-malaysian-billionaire/">Click here for Brand Republic</a>