Page 175 - 2012 Annual Report

175
VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
4
I - 2012 FINANCIAL REPORT
SECTION 1 MAJOR EVENTS
1.2. MAJOR EVENTS SINCE DECEMBER 31, 2012
The major events that have occurred since December 31, 2012 were
as follows:
✱ January 9, 2013: US court ruling in the lawsuit between Vivendi and
Liberty Media Corporation (please refer to Note 27 to the Consolidated
Financial Statements for the year ended December 31, 2012);
✱ January 16, 2013: Maroc Telecom and the Moroccan State entered
into a fourth capital expenditure agreement (please refer to Note 26
to the Consolidated Financial Statements for the year ended
December 31, 2012);
✱ February 7, 2013: Vivendi and Universal Music Group entered into
a definitive agreement to sell Parlophone Label Group, a unit of
EMI Recorded Music, to Warner Music Group for £487 million
(approximately €600 million) to be paid in cash;
✱ February 12, 2013: Lagardère Holding TV, a 20% shareholder of Canal+
France, filed a complaint against Vivendi, Canal+ Group and Canal+
France with the Paris Commercial Court. Lagardère Group is seeking
restitution, under penalty, from Canal+ Group, of the entire cash
surplus given over by Canal+ France (please refer to Note 27 to the
Consolidated Financial Statements for the year ended December 31,
2012); and
✱ February 15, 2013: Vivendi and Universal Music Group signed a
definitive agreement for the sale of Sanctuary Records to BMG for
£40 million to be paid in cash.