Key Developments: Vivendi SA (VIV.PA)

VIV.PA on Paris Stock Exchange

20.48EUR
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Latest Key Developments (Source: Significant Developments)

Fitch Affirms Vivendi at 'BBB'; Outlook Stable
Thursday, 22 May 2014 08:00pm EDT 

Fitch Ratings:Affirms Vivendi SA's long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB.Outlook on long-term IDR is stable.Affirmation reflects completion of Vivendi's disposals (stakes in Activision Blizzard AB and Maroc Telecom) and its plans to sell SFR.  Full Article

Vivendi SA to sell 41.5 mln Activision Blizzard shares
Thursday, 22 May 2014 02:04am EDT 

Vivendi SA:Says it has agreed to sell 41.5 mln Activision Blizzard shares, representing 5.8 pct of this company's total common shares.  Full Article

Vivendi announces verdict of appeal court on case concerning Jean-Marie Messier and other individuals
Monday, 19 May 2014 05:38pm EDT 

Vivendi SA:Says Paris Court of Appeal upheld validity of Vivendi’s status as a civil party to proceedings relating to certain former Vivendi officers.Says court exonerated it from any responsibility and has voided the demand for damages brought against it by certain shareholders or former shareholders.Court of Appeal rendered its decision in appeal against Jan. 21, 2011 judgment of lower criminal court.Court had convicted Jean-Marie Messier and other individuals of disseminating false or misleading information to market, abuse of corporate assets, stock price manipulation and insider trading from 2000-2002.Court overturned the lower court’s decision which found Messier and Guillaume Hannezo guilty of disseminating false or misleading information to the market and which ordered them to pay damages to certain shareholders and former shareholders.  Full Article

Suspended jail term cut on appeal for former Vivendi boss-Reuters
Sunday, 18 May 2014 08:00pm EDT 

Vivendi SA:French court cuts from three years to 10 months suspended jail term handed to former Vivendi chief executive Jean-Marie Messier in his appeal against 2010 conviction for misuse of corporate assets-Reuters.Conviction of providing misleading information to shareholders was dropped altogether, and fine against Messier reduced from 150,000 euros to 50,000 euros.He was convicted of misuse of corporate assets for seeking to obtain departure payout worth 18.6 million euros without the prior agreement of company's board of directors.  Full Article

Vivendi announces distribution agreement between Universal Music Group and Glassnote Entertainment Group
Thursday, 15 May 2014 02:48am EDT 

Vivendi SA:Says in February its subsidiary Universal Music Group signed multi-year distribution agreement with independent music company Glassnote Entertainment Group.  Full Article

Vivendi completes sale of Itissalat Al Maghrib Ste SA to Emirates Telecommunication Corp Ltd
Wednesday, 14 May 2014 04:38am EDT 

Vivendi SA:Completes sale of its 53pct interest in Itissalat Al Maghrib Ste SA (Maroc Telecom) to Emirates Telecommunication Corp Ltd (Etisalat).Final sale price amounted to 4.138 bln euros, after price adjustments.  Full Article

Vivendi SA announces sale closing of 53 percent in Itissalat Al Maghrib Ste SA to Emirates Telecommunication Corp Ltd
Thursday, 8 May 2014 01:19am EDT 

Vivendi SA:Announces that all the conditions precedent to the sale of its 53 pct shareholding in Itissalat Al Maghrib Ste SA (Maroc Telecom) to Emirates Telecommunication Corp Ltd (Etisalat) have been fulfilled.The final agreement was signed on Nov. 4, 2013 and the closing of the transaction is expected on May 14.  Full Article

Emirates Telecommunication Corp Ltd to close acquisition of Vivendi SA 53 pct shareholding in Itissalat Al Maghrib Ste SA
Wednesday, 7 May 2014 08:00pm EDT 

Emirates Telecommunication Corp Ltd:Expects the closing of the acquisition of Vivendi's 53 per cent shareholding in Itissalat Al Maghrib Ste SA (Maroc Telecom) to be completed on May 14.Says both parties consider all the conditions precedent to this acquisition have been fulfilled.  Full Article

Vivendi announces distribution policy
Thursday, 24 Apr 2014 01:03pm EDT 

Vivendi SA:Decides to propose AGM of June 24 distribution of 1 euro per share from share premium account, with 0.50 euro attributed to FY 2013 performance and 0.50 euro as return to shareholders, representing total amount of 1.34 billion euros.Payment to take place on June 30.Part of available cash for total amount of 3.5 billion euros in form of dividends and/or share buy-backs expected to be utilized after sale of SFR.Total amount returned to shareholders in 2014 and in 2015 expected to be close to 5 billion euros.  Full Article

Vivendi SA's SFR to conclude network sharing agreement with Vodafone-Le Figaro
Monday, 21 Apr 2014 08:00pm EDT 

Vivendi SA:Vivendi's SFR to conclude network sharing agreement with Vodafone Group-Le Figaro.Alliance will allow SFR's business clients to access Vodafone's international network.Further details of partnership to be announced in coming days.  Full Article

Vivendi closes SFR sale, to repay bond debt

PARIS - French media group Vivendi said on Thursday it had closed the sale of mobile carrier SFR to domestic cable company Numericable for 13.37 billion euros ($16.7 billion).

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