Vivendi: Oddo BHF positive after Bolloré cuts stake
(CercleFinance.com) - Oddo BHF has confirmed its "outperform" rating on Vivendi shares, along with its target price of E13, following the announcement of the sale by Compagnie de Cornouaille (Vincent Bolloré's company) of around 1.
55 million Vivendi shares.
This transaction means that the group should not launch a public offer in the next few weeks when Vivendi cancels its shares, the analyst said, warning that other sales should take place in the next few days.
However, Oddo BHF remains a buyer of the Vivendi stock, considering its significant discount, although also because it believes that the group remains a medium-term target for Bolloré, even though this message makes the situation more confusing.
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