Vivendi: sells rest of stake in Ubisoft
(CercleFinance.com) - Vivendi has sold forward its remaining interest in Ubisoft (i.
e. 7,590,909 shares, representing 6.7% of Ubisoft's capital) for a total of approximately 500 million euros, corresponding to a price of 66 euros per share.
This 6.7% stake will be transferred to two financial institutions by Vivendi: about 0.91% - as expected - as of 1 October 2018, and 5.74% deferred until 5 March 2019.
Vivendi has given an undertaking to Ubisoft to sell all the shares it owns by 7 March 2019, the settlement date. In addition, Vivendi maintains its March 2018 commitment to refrain from purchasing Ubisoft shares for a period of five years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
e. 7,590,909 shares, representing 6.7% of Ubisoft's capital) for a total of approximately 500 million euros, corresponding to a price of 66 euros per share.
This 6.7% stake will be transferred to two financial institutions by Vivendi: about 0.91% - as expected - as of 1 October 2018, and 5.74% deferred until 5 March 2019.
Vivendi has given an undertaking to Ubisoft to sell all the shares it owns by 7 March 2019, the settlement date. In addition, Vivendi maintains its March 2018 commitment to refrain from purchasing Ubisoft shares for a period of five years.
Copyright (c) 2018 CercleFinance.com. All rights reserved.