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General

Vivendi mulls sale of Maroc Telecom stake - report

Wednesday 10 October 2012 | 11:09 CET | News
Vivendi is exploring the sale of its 53 percent stake in Maroc Telecom, Reuters reported, citing sources familiar with the situation. This could raise around EUR 4.2 billion towards its debt-cutting restructuring plan, the news agency said. Maroc Telecom is Vivendi's second-biggest profit earner. The sources told Reuters that Credit Agricole and Lazard have been asked to gauge appetite for the holding, although they have not been formally mandated for the sale. The Moroccan government holds a 30 percent stake in Maroc Telecom.

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Categories: General
Companies: Maroc Telecom / Vivendi
Countries: World
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