Accueil > Actualité
Actualite financiere : Actualite bourse

Vivendi: Oddo still a buyer

( - Oddo believes that a public offer by Bolloré for Vivendi could well occur.

This could be preceded by an NCIB(Vivendi buying back its own shares), although not necessarily so.

The analyst says that Bolloré's aim would be to maximise its stake in Vivendi and take advantage of the current significant discount (37%e).
As such, Oddo reiterates its Outperform rating on Vivendi shares, maintaining its target price at 14 euros.

The broker believes that such an outlook is credible for two reasons: 1/ it would allow Bolloré to strengthen its position in Vivendi and take advantage of the current significant discount (37%); 2/ it would also enable Bolloré to ensure its control over Vivendi, it adds.

The analyst believes that Vivendi could very well use the authorisation that it has had since the 2021 AGM and first announce an NCIB (up to 50% of the capital). Bolloré would then exceed the 30% threshold and would have to launch a public offer for the remaining capital.

Oddo says that this could occur in the next few weeks or months.

Copyright (c) 2021 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.