(Boursier.com) — Vivendi signed the contract for the sale of 100% of the capital of Editis with the International Media Invest (IMI) group, a subsidiary of the CMI group, founded by Daniel Kretinsky. The signing of this agreement follows the opinion of the employee representative bodies of Vivendi and Editis.
Following obtaining authorization from the European Commission to carry out the merger with the Lagardère group, IMI will have to be approved by the European Commission as the appropriate buyer. The transaction remains subject to IMI obtaining its merger control authorizations in the relevant jurisdictions. Its completion will take place by early October 2023 at the latest. No financial details have been communicated.
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