Vivendi seeks to acquire remaining shares in GVT

29 Mar 2010

Vivendi has launched a public offer for all outstanding shares in GVT Holding. The auction will take place on 27 April. The French media conglomerate currently owns 87% of the fixed line telephony provider and ISP after acquiring a series of stakes during the last quarter of 2009. At one stage it appeared that Telefonica was in pole position to acquire the operator, but Vivendi gazumped the Spanish operator in October.

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