Vivendi Says Shareholder Qatar Holding Raised its Stake to 2%
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Vivendi SA, owner of the world’s largest music and video-game makers, said Qatar Holding raised its stake in the company to 2 percent, as the Persian Gulf country invests more in French companies.
Vivendi rose as much as 2.7 percent after the Paris-based company said in its annual report that Qatar Holding, founded by sovereign fund Qatar Investment Authority, acquired 5.6 million Vivendi shares to boost its stake as of February 29 from the 1.55 percent it owned at the end of 2011. The stake is worth about 354 million euros at the stock’s recent price.