Vivendi offering to purchase remaining GVT stock

11 Jan 2010

Reuters reports that French media and telecoms firm Vivendi last Friday offered to buy all remaining outstanding shares of Brazilian alternative operator Global Village Telecom (GVT), according to a securities filing. The French group is reportedly offering BRL56 (USD32.4) per share and will pay interest equal to Brazil’s benchmark lending rate (Selic) to shareholders until the purchase is completed. Furthermore, the French company intends to delist GVT shares from the Sao Paulo stock exchange, it said.

Brazil, Global Village Telecom (GVT), Vivendi