Vivendi to buy 15 percent of Fnac

Tuesday 12 April 2016 | 08:20 CET | News
Vivendi has agreed buy approximately 15 percent of electronics and cultural products retailer Fnac for EUR 159 million in a reserved capital increase. Vivendi will pay EUR 54 per share, representing Fnac's closing price on 08 April. The companies said they intend to develop co-operation that creates long-term value and is focused on several areas. The completion of the capital increase is subject to Fnac shareholders at the next shareholders' meeting. Fnac will propose the appointment of two Vivendi directors on its board.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Fnac / Vivendi
Countries: France
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vivendi to sell stake in Fnac Darty

Published 03 Jul 2018 10:01 CET | France
Vivendi announced that it will exercise its option to exit retailer Fnac Darty's share capital, while continuing to collaborate ...

Vivendi starts first joint offer with Fnac, Canal Plus

Published 12 Jul 2016 09:49 CET | France
Vivendi has announced its first commercial partnership with retailer Fnac, after taking a 15 percent stake in the group earlier ...

Vivendi posts stable revenue of EUR 2.49 bln in Q1

Published 12 May 2016 09:17 CET | France
Vivendi reported first quarter results in line with expectations, with revenue stable at EUR 2.49 billion and down 1.4 percent at ...

Fnac has support of majority of Darty share capital

Published 28 Apr 2016 09:23 CET | France
French cultural products and consumer tech retailer Fnac said it had received the support of 51.84 percent of Darty share capital ...

Fnac makes 'final offer' for Darty, GBP 1.70 a share

Published 26 Apr 2016 13:54 CET | France
French cultural products and consumer tech retailer Fnac has raised its purchase offer for the shares of French home electronics ...

Fnac improves takeover bid for Darty

Published 21 Apr 2016 09:03 CET | France
French cultural and consumer tech products retailer Fnac has improved its takeover offer for electricals and electronics retailer ...

Vivendi buys Mediaset Premium in share swap deal

Published 11 Apr 2016 08:21 CET | Italy
French media giant Vivendi has reached an agreement to acquire the Mediaset Premium pay-TV business of Italian commercial ...

Vivendi raises Gameloft offer to EUR 7.20 a share

Published 01 Mar 2016 08:50 CET | World
Vivendi has raised the price of its proposed public tender offer for Gameloft shares to EUR 7.20 per share. On 18 February, the ...

Fnac, Darty agree merger terms

Published 06 Nov 2015 11:07 CET | France
French electronics and electrical retail groups Fnac and Darty have reached an agreement on the key terms of a possible offer to ...

Fnac launches T-VoD service

Published 28 Oct 2015 11:45 CET | France
French retailer Fnac announced the official launch of its new online VoD platform, Fnac Play. Released in beta in July, the ...

Roku launches in France with Fnac

Published 20 Oct 2015 16:21 CET | France
Roku has announced the availability of the Roku Streaming Stick, Roku and Roku 3 streaming TV players at Fnac stores nationwide ...