Vivendi Exchanges Telefonica Brasil Shares for Telefonica Shares
July 29 2015 - 7:54AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) today announced that it entered an agreement
with Telefonica to exchange 58.4 million of its Telefonica Brasil
preferred shares (representing 3.5% of its share capital) for 46.0
million ordinary shares of Telefonica, representing 0.95% of the
Spanish telecoms operator’s share capital. The completion of this
exchange is subject to approval by the Brazilian competition
authority (Cade).
Following its sale of GVT on May 28, 2015, and the exchange of
Telefonica Brasil shares for ordinary shares of Telecom Italia,
Vivendi still held a 7.5% interest in Telefonica Brasil. Today’s
transaction reflects the Group’s intention to become more active in
Europe and to pursue strategic partnerships there.
About VivendiVivendi 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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