2003-06-20: Vivendi Universal : 'Sale of 10 Universal City Plaza' for $190 million
Vivendi Universal today
announced the sale of 10 Universal City Plaza to a group of U.S. investors.
The asset is a 35-story Los Angeles tower block and Universal Studios will
continue to rent the building. The amount of the transaction is $190 million
and has already been received.
Vivendi Universal is expecting
to finalize the sale of other Los Angeles property assets over the next few
weeks, for more than $70 million.
Important Disclaimer
This press release
contains 'forward-looking statements' as that term is defined in
the Private Securities Litigation Reform Act of 1995. Such forward-looking
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 risk that the disposals will not be finalized; that
the sales will not materialize in the timing or manner described above; that
Vivendi Universal will not be able to obtain the necessary approvals to finalize
certain transactions as well as the risks described in the documents Vivendi
Universal has filed with the U.S. Securities and Exchange Commission and the
French Commission des Opérations de Bourse. Vivendi Universal does
not undertake nor does it have any obligation to provide updates or to revise
any forward-looking statements. Investors and security holders may obtain
a free copy of documents filed by Vivendi Universal with the French Commission
des Opérations de Bourse and with the U.S. Securities and Exchange
Commission (at ) or directly from Vivendi Universal.
Please click here to read the press release (PDF format)
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