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We must beat the iron while it is hot. According to our sources, Vivendi has set a deadline of Wednesday, March 5, 20 am, for the submission of offers to buy SFR , a subsidiary of Telecom.
In fact, the cable operator Numericable and its shareholder Altice have already filed it a few days ago a proposed offer. The call for applications is launched by Vivendi, this time, to make out of wood Bouygues , who does not hide his appetite for the acquisition of its competitor, but has not yet formalized its interest. Free , however, remains ambush but would not be willing to articulate a concrete proposal at this stage, according to a close the procedure.
CVC FUND IN TROUBLE-PARTY
Others may play spoilsport. According to our information, the investment fund CVC Capital Partners, owner of Sunrise, the second mobile operator in Switzerland , explore the possibility of entering the race. Vivendi expects to obtain higher valuations than 15 billion euros of its subsidiary.
Meanwhile, the war lobbies full swing. Given the stakes in terms of jobs, investment, consolidation for the telecom sector, related to the sale of the second French operator who employs 10 000 people, Vivendi must take account of the positions of the Competition Authority and government.
While Martin Bouygues has an active campaign to make claims to its proposed takeover of government, Drahi Patrick, the patron Altice, is expected to meet this week Arnaud Montebourg, the minister of productive recovery and Fleur Pellerin, Minister delegated to the digital economy.
AD HOC COMMITTEE
Within the Supervisory Board of Vivendi, an ad hoc committee was formed in order to study applications for redemption. This committee is chaired by Henri Lachman, one of the members of the board, close to President Jean-René Fourtou.
Until then, the group had trumpeted its intention to put in Exchange SFR. But this prospect away. The insistence of Mr. Drahi to put their hands on SFR catalyzed Vivendi to try to raise the cons-offers.