Vivendi Enters Hedging Agreement to Protect Fnac Stake

By Alberto Delclaux Features Dow Jones Newswires

French media company Vivendi SA (VIV.FR) said Tuesday that it had entered a hedging agreement with Societe Generale SA (GLE.FR) to protect its 11% stake in Fnac Darty (FNAC.FR).

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The company said that it retains the option to choose a settlement in cash or shares at maturity, which should be during the second half of 2019 at the latest.

Vivendi wasn't immediately available for further comment.

Write to at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

January 16, 2018 12:46 ET (17:46 GMT)