Paris: Vivendi said it had received a binding offer from Altice and Numericable-SFR worth around 3.9 billion euros ($4.45 billion) for the 20 per cent stake in Numericable-SFR it took as part of a French telecoms deal last year.
The acquisition at 40 euros a share and received on Feb. 17 would close in the days after Numericable-SFR’s April 30 shareholder meeting, Numericable-SFR said. Numericable-SFR shares closed at 49.33 euros on Tuesday, up 20 per cent this year. French media group Vivendi sold mobile carrier SFR to domestic cable company Numericable for 13.37 billion euros in November, creating Numericable-SFR. Some 200 million euros of the sale proceeds were to be contributed to Numericable’s purchase of Virgin Mobile France.
