No sale

8 May 2003

Shares in the conglomerate are down as the market assesses a report that a placement of shares worth 15% of the company is on the way. The report does not quite seem to stand up. But either way, it looks like someone means Vivendi no good.

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Shares in Vivendi Universal fell on Thursday morning thanks to a report in the Guardian newspaper that a E2bn placement of shares in the conglomerate, to be led by Deutsche Bank, was on the way. Vivendi's total market capitalisation is around E15bn.

At 31 March 2003, Vivendi said its largest shareholders were the Bronfman family, with 4.23% of the company, Philips, with 3.57%, and Liberty Media, with 3.49%.

Deutsche Bank made no comment on the report. Vivendi was not available for comment.

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