Vivendi and Lagardère agree on terms for disposal of 20% share in Canal+
Joint Press Release
PARIS -- October 28, 2013
The Vivendi and Lagardère (Paris:MMB) Groups welcome the successful outcome of
the mediation led by René Ricol under the authority of the Paris Tribunal de
Commerce (commercial court) and the terms agreed concerning the disposal by
Lagardère Group of its 20% stake in Canal+ France for €1.020 billion in cash.
This agreement, which will be submitted for information to the appropriate
works councils, puts an end to all disputes between the two groups related to
Vivendi wishes to thank Lagardère Group for successfully supporting the
development of Canalsatellite and Canal+ France over the past ten years.
The Lagardère and Canal+ Groups will continue to pursue their cooperation in
program production and the publishing and distribution of television channels.
Vivendi groups together leaders in content and media. Canal+ Group is the
French leader in pay-TV, also operating in French-speaking Africa, Poland and
Vietnam; its subsidiary StudioCanal is a leading European player in
production, acquisition, distribution and international film sales. Universal
Music Group is the world leader in music; it recently strengthened and
diversified its position with the acquisition of EMI Recorded Music.
In telecommunications, Vivendi owns GVT, the leading alternative broadband
operator in Brazil, and SFR, a French leader in telecoms.
Lagardère is a pure media group (Book and e-Publishing; Press, Audiovisual,
Digital and Advertising Sales Brokerage; Travel Retail and Distribution;
Sports and Entertainment) and is among the world leaders in the sector.
Lagardère shares are listed on Euronext Paris.
Cautionary Note Regarding Forward Looking Statements. This press release
contains forward-looking statements with respect to the financial condition,
results of operations, business, strategy, plans and outlook of Vivendi,
including the impact of certain transactions. Although Vivendi believes that
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a number of
risks and uncertainties, many of which are outside our control, including but
not limited to the risks related to antitrust and other regulatory approvals
as well as any other approvals which may be required in connection with
certain transactions and the risks described in the documents Vivendi filed
with the Autorité des Marchés Financiers (French securities regulator), which
are also available in English on Vivendi’s website (www.vivendi.com).
Investors and security holders may obtain a free copy of documents filed by
Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or
directly from Vivendi. Accordingly, we caution you against relying on forward
looking statements. These forward-looking statements are made as of the date
of this press release and Vivendi disclaims any intention or obligation to
provide, update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt
(ADR) facility in respect of its shares. Any ADR facility currently in
existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi
disclaims any liability in respect of any such facility.
Some of the statements contained in this document are not historical facts but
rather are statements of future expectations and other forward looking
statements that are based on management’s beliefs. These statements reflect
such views and assumptions prevailing as of the date of the statements and
involved known and unkwown risks and uncertainties that could cause further
results, performance or future events to differ materially from those
expressed or implied in such statements.
Please refer to the most recent Reference Document (Document de reference)
filed by Lagardère SCA with the French Autorité des marchés financiers for
additional information in relation to such factors, risks and uncertainties.
Lagardère SCA has no intention and is under no obligation to update or review
the forward looking statements referred to above. Consequently Lagardère SCA
accepts no liability for any consequences arising from the use of any of the
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Jean-Michel Bonamy, +33 (0) 1 71 71 12 04
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