Brief: Vivendi Sells Additional 2.9% Stake Of UMG For $1.15 Bln To Pershing Square

Pershing Square Holdings

09/09/2021 13:47

Sept 9 (Reuters) - VIVENDI SE  VIV.PA :
    * VIVENDI SELLS AN ADDITIONAL 2.9% STAKE OF UMG TO PERSHING
SQUARE
    * CONSIDERING THE 7.1% STAKE IT ALREADY OWNS, PERSHING
SQUARE NOW
HOLDS 10% OF UMG'S SHARE CAPITAL
    * PRICE OF THIS SALE IS US$1.149 BILLION, CORRESPONDING TO
AN
ENTERPRISE VALUE OF €35 BILLION FOR 100% OF UMG

Source text for Eikon:  ID: 
Further company coverage:  VIV.PA 

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