Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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<a href="https://www.smartkarma.com/entities/21076" target="_blank" data-smartkarma-citation="entities:21076:1">Vivendi Sa (VIV FP)</a> has submitted an indicative offer to Groupe Bolloré to purchase the approximately 60% stake it owns in <a href="https://www.smartkarma.com/entities/21482" target="_blank" data-smartkarma-citation="entities:21482:1">Havas SA (HAV FP)</a> at a price of EUR 9.25 per share, financed by Vivendi’s available cash.Transaction is subject, among others, to the completion of:<ul><li>satisfactory due diligence,</li><li>execution of a share purchase agreement between Vivendi and Groupe Bolloré,</li><li>consultation with the employee representative bodies; and</li><li>approval of the relevant competition authorities.</li></ul>If the acquisition is completed, in accordance with applicable law, Vivendi will launch a simplified public tender offer on the remaining Havas shares at the same price, without seeking a delisting of Havas shares.

Vivendi Sa (VIV FP) has submitted an indicative offer to Groupe Bolloré to purchase the approximately 60% stake it owns in Havas SA (HAV FP) at a price of EUR 9.25 per share, financed by Vivendi’s available cash.Transaction is subject, among others, to the completion of:satisfactory due diligence,execution of a share purchase agreement between Vivendi and Groupe Bolloré,consultation with the employee representative bodies; andapproval of the relevant competition authorities.If the acquisition is completed, in accordance with applicable law, Vivendi will launch a simplified public tender offer on the remaining Havas shares at the same price, without seeking a delisting of Havas shares.

Havas / Vivendi - Left Pocket, Right Pocket. Groupe Bolloré's 60% Stake Sale to Vivendi