Vivendi: European Commission OKs SFR Stake Purchase
10 June 2011 - 7:37PM
Dow Jones News
French entertainment-to-telecoms conglomerate Vivendi SA
(VIV.FR) Friday said the European Commission has approved its
acquisition of a 44% stake in French mobile operator SFR, paving
the way for the completion of the deal in the next few days.
The European Commission, which has antitrust powers in the
European Union, gave its nod to the transaction on Thursday,
Vivendi said in an emailed statement.
In April, Vivendi agreed with U.K.-mobile telephone operator
Vodafone Group PLC (VOD) to buy the stake in SFR for EUR7.75
billion. Following the transaction, Vivendi will own 100% of the
French mobile telephone company.
-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;
inti.landauro@dowjones.com
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