Key Developments: Vivendi SA (VIVEF.PK)

VIVEF.PK on OTC Markets Group

25.00USD
19 Dec 2014
Price Change (% chg)

$0.10 (+0.28%)
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$24.93
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230
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Latest Key Developments (Source: Significant Developments)

Vivendi SA closes SFR sale, to repay bond debt
Thursday, 27 Nov 2014 11:40am EST 

Vivendi SA:Announces closing of sale of SFR to Numericable.Says it has received 13.37 billion euros in cash of which 200 million euros will be contributed to financing Numericable acquisition of Virgin Mobile France.Says it will allocate portion of sale proceeds to early redemption of all 8 tranches of Euro and U.S. bonds that have make-whole call option.  Full Article

Vivendi to sell Brazilian unit GVT to Telefonica for cash and shares contribution-Reuters
Friday, 19 Sep 2014 01:38am EDT 

Vivendi SA:Signs final agreement for sale of its Brazilian unit GVT to Telefonica - Reuters.Agreement includes payment of 4.66 billion euros in cash, from which bank debt of about 450 million euros and adjustments in working capital to be deducted.Vivendi is also to receive 7.4 pct of Telefonica Brasil shares and 5.7 pct of Telecom Italia shares.  Full Article

Vivendi SA announces updates on sell of its Brazilian unit GVT to Telefonica SA for cash and shares contribution-Reuters
Thursday, 18 Sep 2014 08:00pm EDT 

Vivendi SA:Announces that it has finalized an agreement to sell its Brazilian broadband business GVT to Spain's Telefonica SA for cash and shares worth around 7.2 billion euros ($9.29 billion) - Reuters.Says the deal is subject to regulatory approval in Brazil.Says under the deal Vivendi SA will get not only a 7.4 pct stake in Telefonica Brasil and 4.66 billion euros in cash.Says but it has also opted to take off Telefonica's hands its remaining stake in Telecom Italia TLIT.MI - 8.3pct of Telecom Italia's voting share capital, or 5.7 pct of its total share capital.  Full Article

Telefonica SA expects to close deal for Vivendi SA's GVT by mid-2015-DJ
Friday, 29 Aug 2014 03:07am EDT 

Telefonica SA:Telefonica SA said it expects to complete the 7.45 billion euros acquisition of Vivendi SA's Brazilian unit, GVT, by mid-2015-DJ.Vivendi agreed to enter exclusive talks for the sale of GVT, after Telefonica won a bidding contest over the Brazilian phone operator with Telecom Italia SpA.In a presentation filed with Spain's market regulator, Telefonica said it expects the combination of the two Brazilian units to generate at least 4.7 billion euros in synergies as a result of lower operating and network costs, as well as tax savings and lower financial costs.  Full Article

Telecom Italia SpA acknowledges Vivendi SA decision on GVT unit-Reuters
Thursday, 28 Aug 2014 03:07pm EDT 

Telecom Italia SpA:Telecom Italia said on Aug. 28 it "took note" of the decision by Vivendi SA to enter into exclusive talks with Spain's Telefonica over the sale of the French media company's Brazilian unit GVT-Reuters.Earlier, Vivendi picked Telefonica for exclusive talks over the sale of GVT, spurning Telecom Italia's rival bid.Telecom Italia said it would continue to pursue its development and investment plans in Brazil in line with its 2014-2016 business plan.  Full Article

Vivendi SA receives offers for wholly-owned subsidiary GVT
Thursday, 28 Aug 2014 02:24am EDT 

Vivendi SA:Receives two binding offers for wholly-owned subsidiary GVT in Brazil, one from Telecom Italia and another from Telefonica.Says the Telecom Italia offer represents a total enterprise value of 7 billion Euro.Says it includes a part in cash (1.7 billion Euro), a part in Telecom Italia shares(16 pct of share capital and 21.7 pct of voting rights) and and a part in TIM Brasil shares (15 pct).Says the offer expires on Sept. 10.Says Telefonica offer, received last Aug. 4, represents a total enterprise value of 7.450 billion Euro.Says it includes a part in cash, 4.663 billion Euro as well as a part in Telefonica Brasil shares, 12 pct of which about one third can be exchanged at Vivendi's discretion for 5.7 pct of the share capital and 8.3 pct of the voting rights in Telecom Italia.Says this offer expires on Aug. 29.Says the two financial offers also include proposals for content partnerships.Examines the two offers and will decide what actions to take as a result.  Full Article

Vivendi SA receives an offer for GVT from Telefonica SA
Tuesday, 5 Aug 2014 02:26am EDT 

Vivendi SA:Says it has received binding offer from Telefonica SA and Telefonica Brasil SA.To acquire its subsidiary GVT in Brazil for total enterprise value of 20.1 bln Brazilan Real.This offer would be payable partly in cash for about 60 pct of amount and partly in Vivo shares (12 pct of future combined entity) for 40 pct of amount.If this offer was accepted, Vivendi would also have the opportunity to acquire 8.1 pct of Telecom Italia.This offer is subject to definitive agreement and other usual conditions, including approval of relevant regulatory authorities.  Full Article

Vivendi appoints Vincent Bollore chairman of supervisory board
Tuesday, 24 Jun 2014 08:57am EDT 

Vivendi SA:Appoints Vincent Bollore chairman of supervisory board.Appoints Arnaud de Puyfontaine chairman of management board.  Full Article

Vivendi SA announces definitive agreement signed for combination of SFR and Numericable
Friday, 20 Jun 2014 01:14pm EDT 

Vivendi SA:Vivendi, Altice and Numericable says that they signed definitive agreement regarding combination between SFR and Numericable following very constructive dialogue with Employee Works Councils concerned.Vivendi Supervisory Board unanimously selected Altice-Numericable offer for SFR on April 05.At closing, Vivendi will receive 13.5 bln euros (excluding adjustments) and will keep a 20 pct stake in new combination, which it could sell at later stage after one year lock-up period.Closing of agreement is subject to certain conditions, in particular obtaining approval from the relevant administrative authorities.  Full Article

Vivendi SA's SFR and its subsidiary fined by competition authorities
Thursday, 12 Jun 2014 08:00pm EDT 

Vivendi SA:French competition authorities announce 45.9 mln euros sanction against company's subsidiary SFR and its Reunion-based subsidiary SRR.SFR is fined for implementation and maintenance of excessively high difference in prices between calls being made to other SRR customers and those to other mobile networks.  Full Article

Vivendi interested in buying Roularta's French magazines

PARIS, Dec 9 - Media group Vivendi is interested in buying the French magazine titles belonging to Roularta Media Group including the news weekly L'Express, said Chairman Vincent Bollore on Tuesday.

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