February 1, 2019 / 8:01 AM / 3 months ago

MEDIA-Vivendi's UMG stake sale proceeds to help fund share buyback, acquisitions -Le Figaro

** Vivendi CEO Arnaud de Puyfontaine tells Le Figaro that proceeds from the future sale of a stake in Universal Music Group arm would be used to buy back shares and to make acquisitions.

** Vivendi has been lining up banks for a possible sale of part of Universal Nusic Group division

Note: Reuters has not verified this story and does not vouch for its accuracy

Reporting by Paris Newsroom

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