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VIVHY Vivendi SE (PK)

12.00
0.00 (0.00%)
Last Updated: 17:03:06
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
  0.00 0.00% 12.00 11.92 11.95 12.002 11.99 12.00 3,719 17:03:06

Lagardere Could Buy 80% Canal Plus France - Report

02/05/2013 8:46am

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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Lagardere SCA's (MMB.FR) chief executive says he is prepared to consider buying Vivendi SA's (VIV.FR) 80% stake in pay-TV company Canal Plus France, according to an interview published on the web site of French daily Le Monde Thursday.

"I'm ready to look at buying the 80% they have and listing it on the stock exchange in favorable conditions," Arnaud Lagardere says in the interview. A spokeswoman for Vivendi declined to comment.

Lagardere SCA in February filed a lawsuit against Vivendi regarding a battle over Lagardere's long-sought exit from Canal Plus France. Lagardere currently holds a 20% stake in the business.

In the Le Monde interview, Mr. Lagardere also says he wants Vivendi to return 1.6 billion euros ($2.1 billion) of cash to Canal Plus France.

Lagardere recently sold its 7.5% stake in European Aeronautic Defence & Space Co. (EAD.FR).

Newspaper Web site: http://www.lemonde.fr

-Write to William Horobin at william.horobin@dowjones.com, Nadya Masidlover at nadya.masidlover@dowjones.com

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


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