(CercleFinance.com) – Vivendi announces today that it has obtained authorization from the European Commission to carry out its proposed merger with the Lagardère group.
This authorization is subject to the fulfillment of the two commitments proposed by Vivendi. The first commitment relates to the sale of 100% of the capital of Editis, for which the Group has entered into a purchase agreement with International Media Invest. The group will also carry out the full sale of the magazine Gala, which is already the subject of numerous expressions of interest.
Vivendi is confident that it will be able to finalize these two transactions by the end of October.