SAO PAULO, Jan 8 (Reuters) - France's Vivendi said on Friday it is offering to buy all remaining outstanding shares of GVT to win full control of the Brazilian telecom company, according to a securities filing.
It is offering 56 reais a share and will pay interest equal to Brazil's benchmark lending rate Selic to shareholders until the purchase is completed.
The French company said it will delist GVT shares from the Sao Paulo stock exchange.
Current shares outstanding are equivalent to 13.22 percent of GVT's capital.
(Reporting by Guillermo Parra-Bernal, Writing by Inae Riveras; Editing by Gary Hill and Carol Bishopric) Keywords: VIVENDI BRAZIL/GVT (inae.riveras@thomsonreuters.com; 55 11 5644 7728; Reuters Messaging: inae.riveras.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
It is offering 56 reais a share and will pay interest equal to Brazil's benchmark lending rate Selic to shareholders until the purchase is completed.
The French company said it will delist GVT shares from the Sao Paulo stock exchange.
Current shares outstanding are equivalent to 13.22 percent of GVT's capital.
(Reporting by Guillermo Parra-Bernal, Writing by Inae Riveras; Editing by Gary Hill and Carol Bishopric) Keywords: VIVENDI BRAZIL/GVT (inae.riveras@thomsonreuters.com; 55 11 5644 7728; Reuters Messaging: inae.riveras.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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