Vivendi's net asset value climbs to $5.9 billion
Published by Global Banking and Finance Review
Posted on April 28, 2025
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Published by Global Banking and Finance Review
Posted on April 28, 2025
(Reuters) -French media conglomerate Vivendi said on Monday that the net asset value of its investments grew to 5.2 billion euros ($5.9 billion) as of March 31, 7.8% higher compared with December 31.
Vivendi's net debt was 1.7 billion euros as of March 31, 2025, down from 2 billion euros as of December 2024, after it sold the bulk of its stake in Telecom Italia (TIM) to Poste Italiane.
"Our divestment from the telecoms industry led us to sell most of our stake in TIM, resulting in a substantial decrease in our financial net debt," the company said in a statement.
Its revenue for the first quarter of 2025 were 69.4 million euros.
This is the first time the company has published its quarterly revenues since its massive breakup at the end of 2024.
According to Vivendi, the revenue brought by the current assets in the first quarter last year were 69 million euros.
($1 = 0.8793 euros)
(Reporting by Leo Marchandon; Editing by Mrigank Dhaniwala and Rashmi Aich)