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FINANCIAL NEWS
Vivendi to sell its unit stake to Etisalat
06 Nov 2013
(MENAFN) Vivendi has agreed to sell its stake in Maroc Telecom to UAE-based Etisalat, The Peninsula reported.
The French group agreed to sell its 53 percent stake it holds in Maroc to Etisalat for USD5.7 billion as the group is trying to become more media oriented.
The head of media sector research at Kepler Capital Markets said: “It’s coherent with what Vivendi is trying to do with the structure of the group, selling subsidiaries that are inefficiently structured and which take out cash through dividends.”
This deal will be Etisalat’s first big purchase this decade after it spent USD12.6 billion on acquisitions from 2004 to 2009 adding little to its profits.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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