Vivendi Sells Remaining 20% Stake in SFR
Published on: 12th May 2015
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.