SFR gets le feu vert for neuf Cegetel acquisition

16 Apr 2008

SFR and parent company Vivendi have received permission from the government to close the purchase of the stake held in neuf Cegetel by the Louis Dreyfus Group. SFR outlined a EUR4.4 billion deal to buy the alternative telco in December 2007. In the next few days SFR plans to file for a public offering for the remaining shares in neuf Cegetel that it doesn’t own, to be followed by a public withdrawal offer giving it full control of the company. The SFR/neuf Cegetel tie-up will create France’s second largest operator and provide strong competition for dominant telco France Telecom.

France, neuf Cegetel, SFR