Astorg to sell M7 Group [Reuters]
VIVENDI SE UNSP/ADR (VIVHY)
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Source: Reuters
Astorg to sell M7 Group Astorg M7 Group Canal+ Vivendi PRESS RELEASE Paris, 27 May 2019 — Astorg announces today the signature of a binding agreement for the sale of M7 Group to Canal+, a subsidiary of the French listed media company Vivendi. The proposed transaction is now only subject to the clearance from the relevant regulatory authorities. The transaction is expected to close later this year in September 2019. Headquartered in Luxembourg, the M7 Group is one of the largest pay TV operators in Europe and sells hybrid satellite / OTT Pay TV packages to 3 million homes, through six different brands across seven countries in Europe. M7 also operates an internet and telephony provider in the Netherlands called Online.nl. M7 is a leading DTH satellite Pay TV operator in the Benelux region as well as in the Czech Republic and Slovakia. Since 2014, M7 Group’s majority shareholder is Astorg, a leading European private equity firm which has backed since its entry the ambitious development
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