France's stock market regulator, the Autorité des Marchés Financiers (AMF), has blocked Bolloré SE's buyout offers for three entities within its corporate structure, specifically Cambodge, Moncey, and Artois. The AMF ruled that the takeover offers on these former Rivaud entities were non-compliant with regulatory standards. Sources suggest that this regulatory hurdle in Bolloré's bids follows similar issues seen in BNP Paribas's acquisition attempt of AXA Investment Managers, raising concerns about the approval of comparable deals. Bolloré's approach has been criticized for its tactical missteps, with observers noting that the situation might have been avoided if Bolloré shares had been offered in exchange, as was done in a previous takeover of PTER. Bolloré SE has acknowledged the AMF's announcements regarding the non-compliance rulings.