Vivendi settles with Brazilian market regulator re: GVT takeover

13 Dec 2010

Vivendi has reportedly reached a final agreement with Brazil’s stock market regulator CVM concerning its takeover of Brazilian telco Global Village Telecom (GVT). As such, Vivendi will pay the regulator approximately EUR67 million (USD89 million) to conclude an investigation opened by the watchdog following Vivendi’s acquisition of the Brazilian firm. With no attribution of any ‘wrongdoing’ on the French firm’s part, the decision draws to a close a matter that has rumbled on for more than a year.

Brazil, Global Village Telecom (GVT), Vivendi