Vivendi arranges 3.5 bln euro loans for acquisitions

21st January 2008, Comments 0 comments

Media and telecommunications group Vivendi said Friday it had arranged a 3.5-billion-euro credit line to fund US and French acquisitions

   PARIS, January 18, 2008  - French media and telecommunications group
Vivendi said Friday it had arranged a 3.5-billion-euro (5.15-billion-dollar)
credit line to fund US and French acquisitions.
   Vivendi said it had sourced the funds from a pool of banks to buy out
Internet operator Neuf Cegetel in which it indirectly controls a 40 percent
stake.
   It is also buying the US video games company Activision.
   Vivendi said the fresh funding complements another 4.0 billion euros in
bank credit lines not yet used, which together would allow the company to face
the future with confidence.
   In December, Vivendi said its SFR mobile phone unit had agreed a deal to
give it full control of Neuf Cegetel, an Internet service provider.
   Earlier that month, Vivendi said it was linking up with US rival Activision
to form a new world leader in video games.

afp 

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