(News Bulletin 247) – Oddo BHF confirms its ‘outperformance’ opinion and its price target of 13 euros on Vivendi, the day after the announcement of the sale by Compagnie de Cornouaille (Vincent Bolloré’s company) of approximately 1.55 million Vivendi shares.
‘This operation means that the group should not launch a public offer in the coming weeks during the cancellations of securities by Vivendi’, believes the analyst, warning that other disposals should take place in the coming days.
Oddo BHF, however, remains at ‘outperformance’ in view of the discount which remains significant, but also of its conviction that the group ‘remains a medium-term target for Bolloré, even if this message makes the situation more confusing’.
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