Vivendi buys almost 5% of Elektrim
French conglomerate Vivendi bought a 4.88% stake in its Polish partner Elektrim from brokerage Wood & Co. in off-session transaction. In a brief statement it said that the investment is aimed at strengthening Vivendi's presence in the Polish telecommunication market and ties with its current partner. According to analysts, Vivendi is trying to get stronger position ahead of likely battle with financial investors within Elektrim that seek for faster restructuring of Polish holding. Vivendi is not interested in taking care of fixed-line telecom business and wants to concentrate solely on mobile unit. Elektrim's shares gained over 10% over the last week. Elektrim informed that it want to sell its cable subsidiary Elektrim Kable (EK) by the end of the year. Probably the company would accept the price of PLN 10 (USD 2.3) per share. Nowadays EK is traded at PLN 7. Elektrim would gain USD 185mn from the sale of EK shares at PLN 9.5.
Źródło:IntelliNews Daily
