French conglomerate Vivendi has begun negotiations with bankers Lazard and Credit Agricole with a view to hiring advisers to assess a potential sale of its 53% stake in Morocco’s Maroc Telecom, according to the Financial Times citing several people familiar with the situation. The review of its options in Morocco – potentially including a sale worth roughly EUR4 billion (USD5.2 billion) – forms part of a wide-ranging strategic overhaul begun in April, under which Vivendi is actively seeking buyers for its Brazilian telecoms unit GVT, and, according to industry sources, has also received ‘highly preliminary’ interest in its flagship French telco division SFR, but the Financial Times’ sources added that there is no pressure to sell any of the units.
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OVETEL Vivendi hiring advisers to review potential sale of Maroc Telecom
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