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Vivendi Sells Remaining 20% Stake in SFR

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Note -- this news article is more than a year old.

Altice and Numericable SFR announced that they have, together, acquired Vivendi's 20% stake in Numericable SFR for a total of USD4.37 billion. The deal comes just months after Vivendi sold control of SFR to the investor in a $23 billion deal.

Altice now holds, directly and indirectly, approximately 70.4% of the share capital and voting rights of Numericable-SFR (i.e. 78% excluding treasury shares held by Numericable-SFR).

The Board of Directors of Numericable-SFR has decided that the entirety of the 10% stake of shares being repurchased by Numericable-SFR is to be cancelled.
The remaining 10% stake in Numericable-SFR held by Vivendi has been acquired by an entity wholly-owned, indirectly, by Altice.

As a result of this transaction, the shareholders' agreement and the call option agreements entered into between Altice and Vivendi in connection with the SFR acquisition have been terminated.

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Tags: sfr  altice  vivendi  France