Vivendi Sells Its Remaining Shares in Telefonica Brasil
July 30 2015 - 2:38AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announces that after the close of the New
York stock exchange on July 29, 2015, it sold 67.9 million
preferred shares of Telefonica Brasil (representing 4.0% of its
share capital) for approximately US$877 million. This transaction
was carried out after first converting the preferred shares into
American Depositary Receipts (ADR).
Following this transaction and upon the completion of the
previously announced exchange of 3.5% of Telefonica Brasil
preferred shares for 0.95% of Telefonica ordinary shares, Vivendi
will have completed its disposal of Telefonica Brasil.
About Vivendi
Vivendi is an integrated media and content group. The company
operates businesses throughout the media value chain, from talent
discovery to the creation, production and distribution of content.
The main subsidiaries of Vivendi comprise Canal+ Group and
Universal Music Group. Canal+ is the leading pay-TV operator in
France, and also serves markets in Africa, Poland and Vietnam.
Canal+ operations include Studiocanal, a leading European player in
production, sales and distribution of film and TV series. Universal
Music Group is the world leader in recorded music, music publishing
and merchandising, with more than 50 labels covering all genres. A
separate division, Vivendi Village, brings together Vivendi
Ticketing (ticketing in the UK, France and the U.S.), MyBestPro
(experts counseling), Watchever (subscription video-on-demand) and
the Paris-based concert venue L’Olympia. With over 2.5 billion
videos viewed each month, Dailymotion is one of the biggest
aggregation and distribution platforms in the world.
www.vivendi.com, www.cultureswithvivendi.com,
www.themediashaker.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150729006925/en/
VivendiSolange MauliniOffice, +33 1 71 71 11 73; Mobile,
+33 6 34 48 68 08solange.maulini@vivendi.comJean-Jouis ErneuxOffice
: + 33 1 71 71 15 84; Mobile, + 33 6 25 29 38
54jean-louis.erneux@vivendi.com
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