Key Developments: Vivendi SA (VIVEF.PK)

VIVEF.PK on OTC Markets Group

23.67USD
11 Jul 2014
Price Change (% chg)

$-0.11 (-0.47%)
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Latest Key Developments (Source: Significant Developments)

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

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

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French markets regulator probes SFR bid battle process

PARIS - France's stock market regulator AMF has opened an inquiry into the purchase by cable firm Numericable's of Vivendi's telecom unit SFR, a French business newsletter reported on Friday.

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