Société Générale.

Vivendi hedges on Fnac Darty stake

French media giant Vivendi has entered into a hedging transaction with Société Générale to protect the value of its 11% stake in home electronics and cultural goods retailer Fnac Darty that led to the latter’s shares falling sharply. Vivendi hedging operation means that it will sell its shares in Fnac Darty on a provisional bases, […]

Telefónica reportedly looking to sell Czech division

Telefónica is preparing to sell its US$3.6 billion (€2.7 billion) stake in its Czech division, according to Reuters and Bloomberg reports.  Goldman Sachs and Societe Generale are assisting Telefonica find a buyer for its 69% holding in Telefonica Czech Republic, said Bloomberg citing three people familiar with the matter. Reuters reported that Czech investment group […]

Ziggo to refinance debt with €800m loan

Dutch cable operator Ziggo has received loan commitments from a number of banks to raise €800m, which it said it would use to partially refinance its existing debt.  The new credit facility will be provided by ABN Amro Bank, BNP Paribas Fortis, Cooperative Centrale Raiffeisen Boerenleenbank, Credit Suisse, Goldman Sachs, ING-DiBa, JP Morgan, Morgan Stanley, […]