Vivendi says in talks to sell Maroc stake for 4.2 bln euros
PARIS, July 23 (Reuters) - French media and telecoms conglomerate Vivendi said on Tuesday it had entered into exclusive talks to sell its majority stake in Maroc Telecom to Dubai-based Etisalat for 4.2 billion euros ($5.54 billion)in cash.
Vivendi said it hoped to complete the talks by the end of the year and that talks with a consortium of Moroccan investors who could also invest in the company, would be taking place in parallel. ($1 = 0.7580 euros)
(Reporting By Christian Plumb; Editing by Jeremy Laurence)