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Vivendi SA Signs Definitive Agreement with Etisalat to Sell Its 53% Stake in Itissalat Al Maghrib Ste SA (Maroc Telecom)

Tuesday, 5 Nov 2013 12:43am EST 

Vivendi SA announced that it has signed a definitive agreement with Emirates Telecommunication Corp Ltd (Etisalat) for the sale of its 53% shareholding in Itissalat Al Maghrib Ste SA (Maroc Telecom) for a total amount of EUR 4.2 billion in cash. The definitive agreement is subject to certain conditions, including the approval from the regulatory authorities in the countries where Maroc Telecom operates. Vivendi SA is confident that the transaction will be completed by early 2014. 

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0.295 +1.30%
17 Oct 2014