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Vivendi selling off its remaining interest in Ubisoft


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https://www.vivendi.com/en/press/press-releases/extension-of-the-ubisoft-forward-share-sale-deadline/

 

Quote

As announced on March 20, 2018, Vivendi has sold forward its remaining interest in Ubisoft (i.e. 7,590,909 shares representing 6.7% of the share capital) for an amount of approximately €500 million, corresponding to a price of €66 per share.

 

This 6.7% interest will be sold by Vivendi to two financial institutions as follows: approximately 0.91% on October 1, 2018 as planned, and 5.74% deferred to March 5, 2019.

 

Vivendi has given an undertaking to Ubisoft to sell all the shares it owns by March 7, 2019 (settlement date). In addition, Vivendi maintains its March 2018 commitment to refrain from purchasing Ubisoft shares for a period of five years.

 

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