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No vehicular access

20 November 2002 By Paul Raynes

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No vehicular access

20 November 2002 By Paul Raynes

Recent disclosures give the outlines of a plan by the conglomerate to buy BT’s stake in Cegetel using a special purpose vehicle. Analyse the structure, and Vivendi’s plan makes sense as a delaying tactic in the hope of selling at a better price later on.

This content is for Subscribers only

 

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