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| 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 | 11.98 | 12.00 | 12.002 | 11.99 | 12.00 | 3,633 | 16:21:28 |
From Jul 2019 to Jul 2024
By Rogerio Jelmayer
SAO PAULO--Telefonica Brasil SA (VIV, VIVT4.BR), the Brazilian unit of Spanish telecom firm Telefónica SA (TEF, TEF.MC), said it plans to sell shares in order to finance the acquisition of Vivendi SA's (VIV.FR) Brazilian unit, GVT.
The formal request for the share offering will be made after the GVT's acquisition approval by local telecommunications regulator, Anatel.
Telefonica made the comment after Brazil's Securities and Exchange Commission requested more information on media speculations of a potential share offering in Brazil.
The company, however, didn't say if the share offering would be made in Brazil or Europe, nor unveil an exact financial amount to be raised from the operation.
In September, France's Vivendi accepted to sell its Brazilian unit GVT to Telefonica for EUR7.24 billion ($7.8 billion).
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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