Vivendi Enters Hedging Agreement to Protect Fnac Stake

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).

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

(END) Dow Jones Newswires

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