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