Vivendi : Reportedly no intention to divest its Telecom Italia shares but KKR could raise its offer
>The M&A momentum from TI is underpinning Vivendi’s share price, although the impact is now somewhat limited - According to Reuters, Vivendi has indicated that it does not wish to divest its Telecom Italia shares, stating that it intends to remain a long-term shareholder in the Italian telecoms operator. Moreover, Bloomberg reported that KKR is considering raising its offer to convince Vivendi to sell the shares. The fund is said to be envisaging a proposition of € 0....Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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