Vivendi in exclusive negotiations with Etisalat to sell its interest in Maroc Telecom
Rabat - Vivendi has entered into exclusive negotiations with Etisalat to finalize an agreement for the sale of its 53% shareholding in Maroc Telecom.
Source : https://www.marocafrik.com/english/Vivendi-in-excl...
"Maroc Telecom notes that Etisalat and Vivendi entered into exclusive negotiations to conclude an agreement for the sale of Vivendi's share in the capital of Morocco Telecom," said Maroc Telecom in a statement.
Etisalat's offer values the controlling stake at 92.6 Moroccan dirhams per share, Vivendi said in a statement, adding that the sale proceeds to Vivendi would total 4.2 billion in cash, including the 2012 310 million dividend.
"Vivendi gained 2.26 pc at the opening of the Paris Stock Exchange on Tuesday, as markets welcomed the announcement of the start of the exclusive negotiations."
Etisalat's offer values the controlling stake at 92.6 Moroccan dirhams per share, Vivendi said in a statement, adding that the sale proceeds to Vivendi would total 4.2 billion in cash, including the 2012 310 million dividend.
"Vivendi gained 2.26 pc at the opening of the Paris Stock Exchange on Tuesday, as markets welcomed the announcement of the start of the exclusive negotiations."
Source : https://www.marocafrik.com/english/Vivendi-in-excl...