Vivendi Universal, CANAL+ Group, Lagardere: Draft agreement on the acquisition by Lagardere of a 20% stake in CANAL+ France IMPORTANT NOTICE: INVESTORS ARE STRONGLY URGED TO READ THE IMPORTANT LEGAL DISCLAIMER AT THE END OF THIS PRESENTATIONVivendi Universal • February 17th, 2006 • Water supply
This transaction is the second step of the Pay-TV combination announced in December 2005 between Vivendi Universal, TF1 and M6 with the aim of creating a leader in the French broadcasting industry This transaction follows an industrial logic. It will allow: the full integration of 100% of CANALSAT within CANAL+ France Lagardere's participation, along with the other shareholders (VU / CANAL+ Group, TF1, M6), to the optimal development of the new entity CANAL+ France CANAL+ France will be a leader in French broadcasting, contributing to growing and broadening the Pay-TV industry to the benefit of consumers
Draft Agreement Lagardère — Vivendi Universal — Canal+ Group for Lagardère to Acquire a 20% Stake, with the Option of Increasing Stake to 34%, in Canal+ FranceVivendi Universal • February 17th, 2006 • Water supply
Lagardère, Vivendi Universal and Canal+ Group have announced a draft agreement under which terms Lagardère would join Canal+ Group, TF1 and M6 in Canal+ France1 in holding a stake of Canal+ France, combining all the French pay -TV assets of Canal+ Group and TPS. Lagardère is already a partner of Canal+ Group through CanalSat.
