Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Vivendi SE
  6. News
  7. Summary
    VIV   FR0000127771

VIVENDI SE

(VIV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telecom Italia nearing decision on advisers for KKR deal - sources

12/04/2021 | 09:52am EST
FILE PHOTO: The TIM logo is seen at its headquarters

MILAN (Reuters) -Telecom Italia is moving closer to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR and could assign mandates as early as this weekend, two sources said on Saturday. A special committee set up to study KKR's non-binding bid approach, valued at 33 billion euros ($37 billion) including debt, met on Friday and will meet again over the weekend, the sources said.

KKR's approach was made public on Nov. 21.

"They could come up with three names by Monday but time's tight and it may drag on a bit longer," one of the sources said. A wide range of banks are still in the fray for an advisory role in what would be Europe's biggest ever private equity deal. Bank of America, Barclays and Intesa Sanpaolo division IMI CIB have emerged as front runners, the sources said. The sources also said no decision has yet been taken. TIM, IMI, Bank of America and Barclays declined to comment. Divisions within Italy's biggest phone group are making it difficult for TIM to respond to KKR's offer after a shareholder row a week ago forced Luigi Gubitosi to step down as CEO. TIM's top shareholder Vivendi is pushing for a full board reshuffle after Gubitosi refused to step down from the board, sources said - a move that prevented new general manager Pietro Labriola being named CEO last week.

Labriola could be named as CEO if Gubitosi or another director steps down to make way for him.

Goldman Sachs, IMI and Bank of America had been lined up for a possible role in advising TIM before Gubitosi stepped aside as CEO, sources previously said.

($1 = 0.8839 euros)

(Reporting by Elvira Pollina and Stephen Jewkes; Editing by Jane Merriman and Christina Fincher)


ę Reuters 2021
All news about VIVENDI SE
08:24aUPDATE 1-Telecom Italia slides as CEO weighs network spinoff in test for KKR bid
RE
05:04aTelecom Italia slides as CEO weighs network spinoff in test for KKR bid
RE
01/26Telecom Italia open to network spinoff as CEO weighs options
RE
01/25VIVENDI : Havas Group acquires Paris-based meded specialist Raison de Santé to reinforce i..
PU
01/25Vivendi's Havas Buys Medical Education Agency Raison de Santé
MT
01/25Havas Group acquires Paris-based MedEd specialist Raison de Santé to Reinforce its Glob..
AQ
01/23Telecom Italia Appoints New CEO Amid KKR Takeover Bid
MT
01/21PIETRO LABRIOLA : KKR's bid target Telecom Italia appoints veteran manager Labriola CEO
RE
01/21Factbox-A team player with tattoos set to be Telecom Italia's new CEO
RE
01/19Telecom Italia shares slide further as doubts over KKR's bid intensify
RE
More news
Analyst Recommendations on VIVENDI SE
More recommendations
Financials
Sales 2021 9 461 M 10 538 M 10 538 M
Net income 2021 429 M 478 M 478 M
Net cash 2021 699 M 779 M 779 M
P/E ratio 2021 25,4x
Yield 2021 2,96%
Capitalization 11 999 M 13 381 M 13 366 M
EV / Sales 2021 1,19x
EV / Sales 2022 1,14x
Nbr of Employees 42 800
Free-Float -
Chart VIVENDI SE
Duration : Period :
Vivendi SE Technical Analysis Chart | VIV | FR0000127771 | MarketScreener
Technical analysis trends VIVENDI SE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Last Close Price 11,44 €
Average target price 13,81 €
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
HervÚ Philippe Chief Financial Officer
Yannick BollorÚ Chairman-Supervisory Board
StÚphane Roussel Executive VP-Development & Organization
Caroline Le Masne de Chermont Senior VP-Legal Affairs, CSR & Compliance
Sector and Competitors
1st jan.Capi. (M$)
VIVENDI SE-4.04%13 503
WARNER MUSIC GROUP CORP.-9.43%20 134
BOLLORÉ SE-4.35%15 569
ENDEAVOR GROUP HOLDINGS, INC.-15.56%7 781
BEIJING ENLIGHT MEDIA CO., LTD.-19.61%4 794
SHANGHAI ORIENTAL PEARL GROUP CO., LTD.-10.37%4 505