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Bouygues' bid for SFR will not include capital increase -sources
March 5, 2014 / 4:35 PM / 4 years ago

Bouygues' bid for SFR will not include capital increase -sources

PARIS/LONDON, March 5 (Reuters) - Bouygues’ bid for Vivendi’s SFR will be financed with cash, debt, and shares in the newly combined company, and will not require a capital increase, said two people close to the situation.

Vivendi is expecting offers for France’s second-biggest telecom group from French cable operator Numericable and Bouygues, sources earlier said, ahead of a 1900GMT deadline on Wednesday.

“The financing is perfectly lined up and there is no need to do a cash call,” said one of the people.

A spokesman for Bouygues did not return a request for comment.

Reporting by Sophie Sassard, Leila Abboud, and Gwenaelle Barzic

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