Vivendi raises Euro369 mil by closing two disposals

News General France 5 FEB 2003
Vivendi raises Euro369 mil by closing two disposals
Vivendi Universal closed two previously announced disposals in 24 h, namely its magazine division including Express, Expansion and L'Etudiant, which was bought by Socpresse, and an 89% stake in Canal Plus Technologies, bought by Thomson. The transaction were worth Euro200 mil and Euro169 mil, respectively, with a further Euro21 mil to be paid later. Vivendi has yet to close the Euro893 mil sale of Tele Plus, and the Euro320 mil of Comareg to France Antilles.

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