Log in
E-mail
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

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Vivendi SE    VIV   FR0000127771

VIVENDI SE

(VIV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Vivendi nears sale of GVT with green light from Brazil

02/24/2013 | 11:46am EST
The logo of Vivendi is seen during the company's 2008 annual results presentation in Paris

SAO PAULO (Reuters) - French media group Vivendi SA (>> VIVENDI) is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT, after getting the government's nod to close a deal with DirecTV (>> DIRECTV) or a group of funds led by KKR & Co (>> KKR & Co. L.P.), newspaper Folha de S.Paulo reported on Sunday.

SAO PAULO (Reuters) - French media group Vivendi SA (>> VIVENDI) is likely to close a deal in the coming weeks to sell a stake in Brazilian telecoms unit GVT, after getting the government's nod to close a deal with DirecTV (>> DIRECTV) or a group of funds led by KKR & Co (>> KKR & Co. L.P.), newspaper Folha de S.Paulo reported on Sunday.

Vivendi may now accept a share swap as part of a deal to get closer to the 19 billion reais ($9.6 billion) it is asking for GVT, Folha reported, citing unnamed executives involved in negotiations. Final bids are expected by mid March, according to a Vivendi executive not named in the report.

DirecTV has said it will maintain its cash offer around 15 billion reais, according to Folha, but it could sweeten its bid with a share swap. The paper said a group of funds, including KKR and Brazil's Gavea Investimentos, had made a smaller offer that would leave Vivendi with a partial stake in GVT.

A spokeswoman for KKR in New York declined to comment on the report. Efforts to reach spokesmen for Vivendi in Paris, for DirecTV in New York and Gavea in Rio de Janeiro were unsuccessful.

Although GVT has been a growth driver for Vivendi, the French group has come to see funding its expansion as a burden that cannot yet be covered by GVT's cash generation.

GVT did not respond to a request for a comment.

In a meeting with Vivendi executives in the capital Brasilia, officials expressed their approval of a deal that would not concentrate control of Brazil's telecom market in the hands of its four biggest phone companies, Folha reported.

A spokesman for Brazil's communications ministry could not be reached for a comment.

($1 = 1.98 Brazilian reais)

(Reporting by Brad Haynes and Guillermo Parra-Bernal; Editing by Maureen Bavdek)


© Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -0.21% 14.06 End-of-day quote.-2.97%
BANCO BTG PACTUAL S.A. 2.78% 47.28 End-of-day quote.2.63%
EURO / BRAZILIAN REAL (EUR/BRL) 1.81% 6.5265 Delayed Quote.2.52%
OI S.A. -3.46% 2.79 End-of-day quote.-5.74%
TELECOM ITALIA S.P.A. -1.17% 0.3626 Delayed Quote.-2.78%
TELEFONICA S.A. -2.57% 3.675 Delayed Quote.16.24%
TELEFÔNICA BRASIL S.A. -2.26% 45.34 End-of-day quote.0.00%
TIM PARTICIPAÇÕES S.A. -0.88% 13.46 End-of-day quote.0.00%
VIVENDI SE 0.80% 26.61 Real-time Quote.0.08%
All news about VIVENDI SE
01/20TIM board meeting could set CEO on road to new term -sources
RE
01/20TIM board meeting could set CEO on road to new deal-sources
RE
01/14VIVENDI SA : Barclays maintains a Buy rating
MD
01/12VIVENDI SA : UBS reaffirms its Buy rating
MD
01/12VIVENDI SA : JP Morgan reiterates its Buy rating
MD
01/07VIVENDI : Universal Music Group announces strategic leadership appointments with..
PU
01/04VIVENDI : Universal Music Group announces Strategic Leadership Appointments with..
AQ
01/04VIVENDI : Universal Music Group announces Strategic Leadership Appointments with..
AQ
2020VIVENDI : To Acquire Prisma Media From Bertelsmann
MT
2020Italy court annuls watchdog ruling capping Vivendi's Mediaset stake
RE
More news
Financials
Sales 2020 16 051 M 19 517 M 19 517 M
Net income 2020 1 138 M 1 383 M 1 383 M
Net Debt 2020 4 383 M 5 330 M 5 330 M
P/E ratio 2020 26,3x
Yield 2020 2,32%
Capitalization 31 228 M 37 779 M 37 970 M
EV / Sales 2020 2,22x
EV / Sales 2021 2,05x
Nbr of Employees 43 822
Free-Float 66,3%
Chart VIVENDI SE
Duration : Period :
Vivendi SE Technical Analysis Chart | VIV | FR0000127771 | MarketScreener
Technical analysis trends VIVENDI SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 30,55 €
Last Close Price 26,40 €
Spread / Highest target 59,1%
Spread / Average Target 15,7%
Spread / Lowest Target -16,7%
EPS Revisions
Managers and Directors
NameTitle
Arnaud Roy de Puyfontaine Chairman-Management Board & CEO
Yannick Bolloré Chairman-Supervisory Board
Stéphane Roussel Chief Operating Officer & Member-Management Board
Hervé Philippe Chief Financial Officer & Member-Management Board
Aliza Cohen-Jabès Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VIVENDI SE0.08%37 779
WARNER MUSIC GROUP CORP.0.50%19 638
BOLLORÉ SE3.84%12 453
DOLBY LABORATORIES, INC.-2.07%9 601
BEIJING ENLIGHT MEDIA CO., LTD.7.46%5 953
ORIENTAL PEARL GROUP CO., LTD1.45%4 785