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November 26, 2013
11:47 EDTVIVHYVivendi supervisory board validates planned demerger
Vivendi announced its supervisory board unanimously validated the group’s planned demerger, launched on September 11. Based on the analysis submitted, this plan could take the form of a distribution of SFR shares to Vivendi shareholders on the day of the transaction. In this way, Vivendi aims to become an international media group. The demerger plan would also offer SFR greater strategic autonomy, Vivendi said. This plan will be submitted to the relevant Works Councils and regulatory authorities and its details will be presented at a later stage, the company added. The group aims to include it on the agenda of the next annual shareholders’ meeting end June 2014. Also, the supervisory board confirmed that the Chairmanship of the future Vivendi would be entrusted to Vincent Bollore.
News For VIVHY From The Last 14 Days
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April 14, 2014
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