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Vivendi to acquire remaining 44% stake in SFR (Societe Francaise du Radiotelephone) from Vodafone
[April 06, 2011]

Vivendi to acquire remaining 44% stake in SFR (Societe Francaise du Radiotelephone) from Vodafone


Apr 06, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Vivendi SA, a media and telecommunications company, has signed an agreement to acquire the remaining 44% stake in SFR (Societe Francaise du Radiotelephone SA), a telecommunications company, from Vodafone Group Plc, a UK-based provider of mobile telecom services, for EUR7,950 million.



The completion of the transaction is expected to take place by the end of June 2011.

Rumor (January 12, 2010): According to Cellular-news, the Le Figaro newspaper reported that Vodafone is likely to sell its 44% stake in SFR to Vivendi.


The stake is estimated to be worth around EUR6,800 million and Vivendi will be prepared to offer EUR4,800 million to EUR6,000 million, after accounting for a 20% to 30% liquidity discount.

Vivendi already owns a 56% stake in SFR.

BNP Paribas and Lazard Group acted as financial advisors to Vodafone. N M Rothschild & Sons Limited is acting as financial advisor to Vivendi.

Deal Value (US$ Million) 11322.6 Deal Type Acquisition Sub-Category Minority Acquisition Deal Status Announced: 2011-04-03 Deal Participants Target (Company) SFR Acquirer (Company) Vivendi SA Vendor (Company) Vodafone Group Plc % Acquisition 44%

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