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VIVHY Vivendi SE (PK)

11.98
-0.02 (-0.17%)
Last Updated: 20:32:15
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
  -0.02 -0.17% 11.98 11.97 11.98 12.002 11.94 12.00 16,771 20:32:15

Vivendi Seeks at Least EUR7 Billion for Brazilian Unit GVT: Sources - Reuters

08/11/2012 3:07am

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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Vivendi SA (VIV.FR) is seeking to raise at least 7 billion euros ($8.9 billion) from the sale of Brazilian unit GVT, Reuters news agency reported Wednesday on its website, citing two unnamed sources.

At least four bidders including Brazil's Oi SA (OIBR), Mexico's America Movil SAB (AMX), DirecTV (DTV) and Telecom Italia SpA (TI) have expressed interest in GVT and are taking part in initial talks, the report said. Several investment funds have also shown interest in GVT, the report cited one of the sources as saying.

A Vivendi spokesman declined comment, while calls to Oi and America Movil weren't answered and a Telecom Italia spokesman didn't have an immediate comment, the report said.

An earlier Wall Street Journal story said DirecTV confirmed Monday it might consider bidding for GVT, although the sales process is still in an early phase.

Full story: http://www.reuters.com/article/2012/11/07/us-vivendi-brazil-gvt-idUSBRE8A61JS20121107

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


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