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Annual Report -
2013
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Vivendi
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Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated
Financial Statements | Statutory Auditors’ Report on the Financial Statements |
Statutory Financial Statements
Notes to the 2013 Statutory Financial Statements
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Other significant events in 2013
Acquisition by Groupe Canal+ SA of Lagardère Group’s
non-controlling interest in Canal+ France
On November 5, 2013, Groupe Canal+ SA, funded by Vivendi, acquired
Lagardère Group’s 20% interest in Canal+ France, for €1,020 million in
cash. In addition, Vivendi and Lagardère Group have settled all disputes
between them (please see Note 24, Litigation) and Lagardère Group’s
rights under the strategic agreements signed on January 4, 2007 were
terminated.
Completion of the acquisition by Vivendi and
Universal Music Group (UMG) of EMI Recorded Music
As a reminder, on September 28, 2012 Vivendi and UMG completed
the acquisition of 100% of the recorded music business of EMI Group
Global Limited (EMI Recorded Music). The purchase price, in enterprise
value, amounted to £1,130 million (approximately €1.4 billion).
The authorization by the European Commission was notably conditional
upon the divestment of the Parlophone, Now, and Mute labels.
On February 7, 2013, Vivendi and UMG announced that they had entered
into an agreement for the sale of Parlophone Label Group to Warner
Music Group for an enterprise value of £487 million to be paid in cash.
Following the approval by the European Commission on May 15, 2013,
the sale of Parlophone Label Group was completed on July 1, 2013 and
UMG received consideration of £501 million (€591 million), including
the provisional estimated contractual price adjustments (£14 million).
Moreover, the divestments of Sanctuary, Now, and Mute were
completed. The aggregate amount of divestments made in compliance
with the conditions imposed by the regulatory authorities in connection
with the acquisition of EMI Recorded Music was £539 million, less costs
to sell (approximately €672 million).
Dividend paid with respect to fiscal year 2012
At the Annual General Shareholders’ Meeting held on April 30, 2013,
Vivendi’s shareholders approved the Management Board’s
recommendations in relation to the allocation of distributable earnings
for fiscal year 2012. As a result, the dividend payment was set at €1.00
per share, representing an aggregate distribution of €1,324.9 million,
which was paid in cash on May 17, 2013.
Situation of Corporate Officers –
Vivendi’s Management Board
On June 28, 2012, the Supervisory Board terminated Mr. Jean-Bernard
Lévy’s term of office as Chairman of the Management Board.
The Supervisory Board also terminated the terms of office of the following
members of the Management Board: Mr. Abdeslam Ahizoune, Mr. Amos
Genish, Mr. Lucian Grainge, and Mr. Bertrand Meheut and appointed
Mr. Jean-François Dubos as Chairman of the Management Board.
Until December 31, 2013, the Management Board was composed of
Mr. Jean-François Dubos and Mr. Philippe Capron, who left his position
as a member of the Management Board as of that date.
Since January 1, 2014, the Management Board is composed of
Mr. Jean-François Dubos, Chairman, Mr. Jean-Yves Charlier (Chairman
and Chief Executive Officer of SFR), and Mr. Arnaud de Puyfontaine
(Senior Executive Vice President, Media and Content activities).
