Vivendi: closing of the sale of its 20% interest in Numericable-SFR

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Paris, May 6, 2015

 

Vivendi: closing of the sale of its 20% interest in Numericable-SFR

 

Vivendi announced today the closing of the sale of its 20% interest in Numericable-SFR.

 In line with the agreements outlined in its February 27, 2015 press release, the Group received today from Numericable-SFR a first cash payment of 1.8 billion euros, net of a 116 million euros price adjustment related to the SFR level of debt at end November 2014.

A second payment, by Altice France, of 1.9 billion euros bearing interest at 3.80% per year will be received no later than April 7, 2016.This second payment has a first demand bank guarantee issued by JP Morgan and BNP Paribas.

 

About Vivendi

Vivendi groups together leaders in content and media. Canal+ Group is the French leader in pay-TV, also operating in French-speaking Africa, Poland and Vietnam; its subsidiary Studiocanal is a leading European player in production, acquisition, distribution and international film and TV series sales. Universal Music Group is the world leader in music. Vivendi Village brings together Vivendi Ticketing, Wengo (expert counseling), Watchever (subscription video-on-demand) and the Paris-based concert hall L’Olympia. In addition, Vivendi currently owns GVT a fixed very high-speed broadband, fixed-line telephony and pay-TV services operator in Brazil. www.vivendi.com

 


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