Vivendi and Moroccan Caisse de Depot et de Gestion Group Announce Agreement

    --  Moroccan Caisse de Depot et de Gestion Group to Become a Vivendi
Shareholder Through an Exchange of Maroc Telecom Shares

    --  Vivendi acquires 2% of the capital of Maroc Telecom, increasing its
Stake to 53%

    RABAT, MOROCCO & PARIS, October 25 /CNW/ - Regulatory News:

    Moroccan Caisse de Depot et de Gestion Group (CDG) and Vivendi announced
a two-phased strategic agreement today:

    - CDG will become a 0.6% shareholder of Vivendi.

    - Vivendi will acquire 2% of the share capital of Maroc Telecom from CDG,
increasing its stake in one of Africa's leading telephone operators (in
Morocco, Mauritania, Burkina Faso and Gabon) from 51% to 53%.

    CDG, one of Morocco's primary institutional investors, intends to become
a long-term investor in Vivendi. This agreement demonstrates the quality and
enduring relationship between the Kingdom of Morocco and Vivendi, begun in
2001 and reinforced through multiple partnerships.

    The acquisition will take the form of an exchange of shares, with CDG
receiving Vivendi shares that will be acquired by Vivendi on the market over
the next few weeks. The transaction value is based on Maroc Telecom's share of
140.27 dirhams.

    Important disclaimer:

    This press release contains forward-looking statements with respect to
the financial condition, results of operations, business, strategy and plans
of Vivendi. Although Vivendi believes that such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of future
performance. Actual results may differ materially from the forward-looking
statements as a result of a number of risks and uncertainties, many of which
are outside our control, including, but not limited to, the risks described in
the documents Vivendi filed with the Autorite des Marches Financiers (French
securities regulator) and which are also available in English on our web site
( Investors and security holders may obtain a free copy of
documents filed by Vivendi with the Autorite des Marches Financiers at, or directly from Vivendi. The present forward-looking
statements are made as of the date of the present press release and Vivendi
disclaims any intention or obligation to provide, update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

For further information:

For further information: Vivendi Media Paris Antoine Lefort, +33
(0)1-7171-1180 or Agnes Vetillart, +33 (0)1-7171-3082 or Alain Delrieu, +33
(0)1-7171-1086 or New York Flavie Lemarchand-Wood, +(1)212-572-1118 or
Investor Relations Paris Daniel Scolan, +33 (0)1-7171-3291 or Laurence Daniel,
+33 (0)1-7171-1233 or Agnes de Leersnyder, +33 (0)1-7171-3045 or New York
Eileen McLaughlin, +(1)212-572-8961

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890