Vivendi Offering $2.9 Billion for Brazilian Telecom
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9 de fevereiro de 2024
Por que Rússia deve crescer mais do que todos os países desenvolvidos, apesar de guerra e sanções, segundo o FMI
18 de abril de 2024Vivendi, the French media and telecoms giant, said Tuesday that it was making a two billion euro ($2.9 billion dollar) bid for GVT, the Brazilian telecommunications operator.
Vivendi said it had inked an agreement with GVT’s controlling shareholders that “enables Vivendi to launch an amicable tender offer for 100 percent of GVT’s share capital.”
The company plans to offer 42 Brazilian reais ($22.96) a share for GVT, valuing the company, based in Curitiba, Brazil, at 5.4 billion reais.
The offer is conditional on Vivendi receiving at least 51 percent of GVT, receiving the support of the Brazlian company’s board and shareholders waiving a poison-pill provisions that GTV has in place to defend itself against hostile offers.
The deal for GTV, which is listed on the Brazilian stock exchange, will help Vivendi get a stronger foothold in the South American market, the company said.
“This agreement with GVT meets a strategic objective for Vivendi to expand in fast growing economies,” the company’s chief, Jean-Bernard Levy, said in a statement.
