Vivendi

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Tuesday, December 24, 2002: Vivendi Universal collects €3 billion in cash

Vivendi Universal announced that it is collecting €1,856 million today, the proceeds from the disposal of half of its stake (20.4% out of 40.8%) in Vivendi Environnement, at a nominal value of €22.5 per share. The disposal is accompanied with a call option on the remaining stake at €26.50.

On Monday December 23, Vivendi Universal also received $1,066 million for the sale back to Echostar of its entire 10.7% stake in the North American satellite operator.