Reuters: Technology News: Vivendi to announce Maroc Telecom sale to Etisalat: sources

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Vivendi to announce Maroc Telecom sale to Etisalat: sources Jul 22nd 2013, 17:54 LONDON/PARIS | Mon Jul 22, 2013 1:54pm EDT LONDON/PARIS (Reuters) - French conglomerate Vivendi is set to announce the sale of its 53 percent stake in Maroc Telecom to Dubai-based Etisalat in one of the biggest emerging market acquisitions this year, three sources with direct knowledge of the situation said. Vivendi is expected to sell its stake for around 4.2 billion euros ($5.54 billion), close to its current market value. The board met on Monday to discuss the deal and go over quarterly results. Vivendi declined to comment while Etisalat didn't return a call for comment. (Reporting by Sophie Sassard in London and Christian Plumb in Paris; Editing by Leila Abboud)

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