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VIVHY Vivendi SE (PK)

12.002
0.002 (0.02%)
Last Updated: 16:10:47
Delayed by 15 minutes
Name Symbol Market Type
Vivendi SE (PK) USOTC:VIVHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.002 0.02% 12.002 11.99 12.01 12.002 11.99 12.00 3,307 16:10:47

Brazil Gives Informally Assents to Vivendi's Sale of GVT -Report

24/02/2013 8:12pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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SAO PAULO--Brazil's government has given informal approval for France's Vivendi SA (VIV.FR, VIVEF, VIVHY) to sell a stake in its Brazilian unit, GVT, according to a report in the Folha de S. Paulo newspaper. Vivendi is speeding up talks with two groups, U.S.-based DirecTV (DTV) and a consortium of investment funds led by KKR & Co. LP (KKR) and that includes Gavea Investimentos, of J.P. Morgan Chase & Co. (JPM), the report said. Vivendi is seeking 19 billion Brazilian reais ($9.63 billion) for the firm, and may have to accept a share swap as part of a deal, the report said. DirecTV has offered around BRL15 billion, the report said.

On the web: www.folha.com.br

Write to the Brazil bureau at brazil@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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