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- Numericable-SFR and Altice acquire Vivendi's 20% stake in Numericable-SFR
Numericable-SFR and Altice acquire Vivendi's 20% stake in Numericable-SFR
Saint-Denis, 6 May 2015 – Numericable-SFR and Altice announced that they have acquired today Vivendi's 20% stake in Numericable-SFR, for a price of €40 per share.Pursuant to the authorization granted on April 28, 2015 by its shareholders' meeting, Numericable-SFR has acquired today from Vivendi a 10% stake in its capital for a total amount of approximately € 1.948 billion, while the remainder of the Vivendi's stake has been acquired by an entity wholly held by Altice France.The Board of directors of Numericable-SFR has decided that the entirety of the repurchased shares are to be cancelled.As a result of this transaction the shareholders' agreement and the call options agreements entered between Altice and Vivendi in connection with the SFR acquisition have been terminated, and the two representatives of Vivendi at the Board of Directors of Numericable-SFR have resigned from their duties.Altice France now holds, directly and indirectly, approximately 70.4% of the share capital and voting rights of Numericable-SFR (i.e. 78% excluding treasury shares held by Numericable-SFR).