neuf Cegetel sets indicative IPO price range at EUR19-EUR22.08 per share

11 Oct 2006

neuf Cegetel, the French alternative telecoms service provider in which Vivendi and Vodafone Group are shareholders, has announced an indicative price range of EUR19 to EUR22.08 per share for its initial public offering (IPO), which is expected to raise EUR761 million, including EUR201 million from a capital increase. The IPO comprises 37.02 million shares (roughly 18.5% of its capital), and there will be an ‘overallotment’ option of a further 4.23 million shares, which would raise the offer to 20.5% of capital. neuf Cegetel is expected to set the final offer price on 24 October.

France, neuf Cegetel, Vodafone Group