Vivendi agrees to sale of Editis to CMI group subsidiary

Vivendi announced that it has signed the agreement with the International Media Invest group, a CMI group subsidiary founded by Daniel Kretinsky, for the sale of 100% of the share capital of Editis. “Vivendi’s signing of this agreement follows the opinion received from the Vivendi and Editis employee representative bodies. Following the authorization given by the European Commission to complete the transaction with the Lagardare group, IMI will need to be approved by the European Commission as a suitable purchaser. The transaction remains subject to IMI obtaining the required merger control clearances in the relevant jurisdictions. Completion is expected by early October 2023 at the latest,” Vivendi stated.