The committee of directors of Vivendi to examine the offers submitted by SFR and Bouygues Altice-Numericable1 meets Saturday morning. Chaired by Henri Lachmann, it also has Alexander Juniac, Daniel and Nathalie Camus Bricault that represents the employees.
This committee is responsible for preparing the next meeting of the Supervisory Board of Vivendi in full force, perhaps as early as next week. A conclave that looks tight. There are just four months, the council was torn between his two great figures, Jean-René Fourtou iconic president since the departure of Jean-Marie Messier in 2002, and Vincent Bolloré, the largest shareholder with 5%. The two men had reached a compromise, whereby it was agreed that the split of SFR and the departure end of June, Jean-René Fourtou Vivendi alone Presidency of the mobile operator. Argument
February 10, it is Jean-René Fourtou Drahi2 Patrick, the patron Altice, made his proposal Numericable fusion-SFR, promising him in passing the presidency. Altice3 hoped then take speed Bouygues.
Now, two tenders are on the same starting line, even if Altice would still favor the president of Vivendi. With an argument to the key: the merger of SFR and Numericable fewer problems of competition and could be approved faster. Not so sure, however, notes an expert if the merger with Bouygues raises questions about the mobile market, one with Numericable is far from neutral media offers.
Another point is also the subject of intense debate since the submission of tenders: it is the amount of promised each synergies (10 billion Bouygues 12 billion for its rival). "SFR had previously asked Bain to lead industry expertise. This cuts the number of Bouygues – but that was before the commitments of the latter on the social – but not Numericable "says does one concordant sources.
As an operation of such magnitude, the Board of Vivendi will be required to adhere strictly to the rules of good governance. He also enlisted the services of his own counsel, Deutsche Bank4.With such high stakes - such as the future financial well-being of a family - choosing the correct life insurance policy is a very serious decision and one that requires deep thought.