French conglomerate Vivendi said that Saint-Gobain, which recently sold a block of four million Vivendi shares, had agreed it would not sell any more shares until Vivendi holds its annual shareholders…
French conglomerate Vivendi said that Saint-Gobain, which recently sold a block of four million Vivendi shares, had agreed it would not sell any more shares until Vivendi holds its annual shareholders meeting on April 27. Vivendi said the sale of the four milion shares came under the two groups“ strategy to progressively untie respective shareholdings and that they would continue to consult before making any sales. “Any future sales in 2000 or 2001 will continue to be made in agreement between the two groups so that they do not weigh on the Vivendi share,” Vivendi said in a statement.