Brief: Vivendi Will Sell Another 2.9% Of UMG To Pershing Square Holdings For USD 1.15 Bln

Pershing Square Holdings

31/08/2021 07:18

Aug 31 (Reuters) - Pershing Square Holdings Ltd  PSH.AS :
    * WILL SELL AN ADDITIONAL 2.9% OF UMG TO PERSHING SQUARE
HOLDINGS.
    * PERSHING SQUARE HAS COMMITTED TO ACQUIRE AN ADDITIONAL
2.9% OF
THE UMG CAPITAL FOR A PRICE OF USD 1.149 BILLION.
    * CLOSING RELATED TO THE 2.9% ADDITIONAL WILL TAKE PLACE BY
SEPTEMBER 9, 2021.
    * PRICE BASED ON AN ENTERPRISE VALUE OF €35 BILLION FOR 100%
OF
UMG’S SHARE CAPITAL.
    * PERSHING SQUARE WILL NOW OWN 10% OF THE UMG SHARE CAPITAL.

Further company coverage:  PSH.AS 

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