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Rabat and Paris, October 25, 2007
Vivendi and Moroccan
Caisse de Dépôt et de Gestion Group Announce Agreement
• Moroccan Caisse de Dépôt 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%
Moroccan Caisse de Dépôt 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 Autorité des Marchés Financiers (French
securities regulator) and which are also available in English on our web site
(www.vivendi.com). Investors and
security holders may obtain a free copy of documents filed by Vivendi with the
Autorité des Marchés Financiers at www.amf-france.org, 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.
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