Vivendi Enters Hedging Agreement to Protect Fnac Stake
16 Janvier 2018 - 7:01PM
Dow Jones News
By Alberto Delclaux
French media company Vivendi SA (VIV.FR) said Tuesday that it
had entered a hedging agreement with Societe Generale SA (GLE.FR)
to protect its 11% stake in Fnac Darty (FNAC.FR).
The company said that it retains the option to choose a
settlement in cash or shares at maturity, which should be during
the second half of 2019 at the latest.
Vivendi wasn't immediately available for further comment.
Write to at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 16, 2018 12:46 ET (17:46 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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