Vivendi Completes Sale of Numericable-SFR Stake
May 06 2015 - 11:41AM
Dow Jones News
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
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