Vivendi: closing of the sale of its 20% interest in Numericable-SFR
May 06 2015 - 12:06PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced today the closing of the sale of
its 20% interest in Numericable-SFR.
In line with the agreements outlined in its February 27, 2015
press release, the Group received today from Numericable-SFR a
first cash payment of 1.8 billion euros, net of a 116 million euros
price adjustment related to the SFR level of debt at end November
2014.
A second payment, by Altice France, of 1.9 billion euros bearing
interest at 3.80% per year will be received no later than April 7,
2016. This second payment has a first demand bank guarantee issued
by JP Morgan and BNP Paribas.
About Vivendi
Vivendi groups together leaders in content and media. Canal+
Group is the French leader in pay-TV, also operating in
French-speaking Africa, Poland and Vietnam; its subsidiary
Studiocanal is a leading European player in production,
acquisition, distribution and international film and TV series
sales. Universal Music Group is the world leader in music. Vivendi
Village brings together Vivendi Ticketing, Wengo (expert
counseling), Watchever (subscription video-on-demand) and the
Paris-based concert hall L’Olympia. In addition, Vivendi currently
owns GVT a fixed very high-speed broadband, fixed-line telephony
and pay-TV services operator in Brazil. www.vivendi.com
Vivendi
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From Apr 2023 to Apr 2024