Cap Gemini Sogeti SA has now raised its stake in Sema Group Plc to 22.26%, which looks as if it is determined to raise its holding to 25%: given that a majority in Sema is in hands friendly to the present management, perhaps Cap Gemini is under the illusion that the French rule that gives a company with more than 24% of the shares what is known as a blocking minority in certain circumstances – which means that the company cannot make any major move without approval of the minority shareholder applies in London as well; sorry, it doesn’t.
