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VIVHY Vivendi SE (PK)

12.00
0.00 (0.00%)
Last Updated: 14:46:36
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 11.93 11.95 10 14:46:36

Vivendi Completes Sale of Numericable-SFR Stake

06/05/2015 5:41pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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By Ruth Bender

PARIS--Vivendi (VIV.FR) said Wednesday it has closed the sale of its remaining 20% stake in French telecommunications operator Numericable-SFR (NUM.FR).

Vivendi said it today received a first payment from Numericable-SFR and its parent Altice SA (ATC.AE) of 1.8 billion euros ($2.04 billion) for the stake.

Altice will make a second payment of EUR1.9 billion by April 7, 2016, bearing an interest of 3.8% per year.

Altice said it now holds around 70.4% of Numericable-SFR.

-Write to Ruth Bender at ruth.bender@wsj.com

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


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