BN 09/19 05:36 Telefonica Agrees to Buy Vivendi’s GVT After Weeks of Talks
BFW 09/19 05:24 Vivendi Signs Accord to Sell GVT to Telefonica for EU4.66b Cash
BN 09/19 05:27 *VIVENDI SAYS TELEFONICA BRASIL SHARES HAVE VALUE OF EU2B
BN 09/19 05:26 *VIVENDI WILL GET 5.7% OF TELECOM ITALIA, VALUED AT EU1B
BN 09/19 05:25 *VIVENDI SEES CLOSING BY END OF 1H 2015
BN 09/19 05:25 *VIVENDI SAYS ACCORD NEEDS BRAZILIAN REGULATORY APPROVALS
BN 09/19 05:24 *VIVENDI WILL GET 7.4% OF TELEFONICA BRAZIL SHARES
BN 09/19 05:24 *VIVENDI ESTIMATES CAPITAL GAINS TAX AT EU500M
BN 09/19 05:23 *VIVENDI SIGNS ACCORD TO SELL GVT TO TELEFONICA FOR EU4.66B CASH
BN 09/19 05:22 *VIVENDI SAYS ACCORD SIGNED SEPT 18
BN 09/19 05:22 *VIVENDI REACHES ACCORD WITH TELEFONICA ON GVT
BFW 09/19 05:24 Vivendi Signs Accord to Sell GVT to Telefonica for EU4.66b Cash
BN 09/19 05:27 *VIVENDI SAYS TELEFONICA BRASIL SHARES HAVE VALUE OF EU2B
BN 09/19 05:26 *VIVENDI WILL GET 5.7% OF TELECOM ITALIA, VALUED AT EU1B
BN 09/19 05:25 *VIVENDI SEES CLOSING BY END OF 1H 2015
BN 09/19 05:25 *VIVENDI SAYS ACCORD NEEDS BRAZILIAN REGULATORY APPROVALS
BN 09/19 05:24 *VIVENDI WILL GET 7.4% OF TELEFONICA BRAZIL SHARES
BN 09/19 05:24 *VIVENDI ESTIMATES CAPITAL GAINS TAX AT EU500M
BN 09/19 05:23 *VIVENDI SIGNS ACCORD TO SELL GVT TO TELEFONICA FOR EU4.66B CASH
BN 09/19 05:22 *VIVENDI SAYS ACCORD SIGNED SEPT 18
BN 09/19 05:22 *VIVENDI REACHES ACCORD WITH TELEFONICA ON GVT
MORE: Vivendi Reaches GVT Pact, to Get 5.7% of Telecom Italia
2014-09-19 05:32:28.931 GMT
By Gaurav Panchal
Sept. 19 (Bloomberg) -- Vivendi signs accord to sell GVT to
Telefonica for EU4.66b cash.
* Agreement, signed on Sep. 18, includes EU4.66b cash payment,
from which a bank debt of ~EU450m and adjustments in working
capital will be deducted
* Vivendi will also receive 7.4% of Telefonica Brasil
shares, at market value of EU2.02b, 5.7% of Telecom
Italia shares at market value of EU1.01b
* Vivendi will also be liable for tax (including on capital
gains) estimated today at ~EU500m
* Final agreement subject to certain conditions, including
approval by relevant regulatory authorities, notably Anatel
(Telecommunications) and Cade (Competition) in Brazil.
* Closing of transaction expected before 1H end in 2015
* Statement: {NSN NC4V960R5NAA <go>}
Link to Company News:{VIV FP <Equity> CN <GO>}
Link to Company News:{TIT IM <Equity> CN <GO>}
Link to Company News:{TEF SM <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-7392-0511 or
gpanchal2@bloomberg.net
2014-09-19 05:32:28.931 GMT
By Gaurav Panchal
Sept. 19 (Bloomberg) -- Vivendi signs accord to sell GVT to
Telefonica for EU4.66b cash.
* Agreement, signed on Sep. 18, includes EU4.66b cash payment,
from which a bank debt of ~EU450m and adjustments in working
capital will be deducted
* Vivendi will also receive 7.4% of Telefonica Brasil
shares, at market value of EU2.02b, 5.7% of Telecom
Italia shares at market value of EU1.01b
* Vivendi will also be liable for tax (including on capital
gains) estimated today at ~EU500m
* Final agreement subject to certain conditions, including
approval by relevant regulatory authorities, notably Anatel
(Telecommunications) and Cade (Competition) in Brazil.
* Closing of transaction expected before 1H end in 2015
* Statement: {NSN NC4V960R5NAA <go>}
Link to Company News:{VIV FP <Equity> CN <GO>}
Link to Company News:{TIT IM <Equity> CN <GO>}
Link to Company News:{TEF SM <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Gaurav Panchal at +44-20-7392-0511 or
gpanchal2@bloomberg.net