With regards to the first table "ANR sur base cours de bourse" understand $10bn= Bol's stake in Viv (30%) and UMG (18%). What does "Titres Holdings the Contrôle" refer to? Think the €8bn value is pretty similar to Vivendi's stakes in UMG, Lagardère, TI, FL, Media for Europe and Multichoice. But if it actually refers to that, wouldn't BOL's stake be 30% our of Viv's shareholdings, or €2,4B?
PS. BAL €2,27 BN revenue and €0,27 EBITA, rest of Logistics €5bn revenue and €0,45 EBITA, so BAL was sold to MSC for a much higher amount/multiple than the rest of the Logistics business to CMA GGM, right, or I'm I missing something? Assuming that's correct, why do you think the multiple was much higher in the BAL sale, higher barriers to entry in Africa -and less competitors? Many thanks!
With regards to the first table "ANR sur base cours de bourse" understand $10bn= Bol's stake in Viv (30%) and UMG (18%). What does "Titres Holdings the Contrôle" refer to? Think the €8bn value is pretty similar to Vivendi's stakes in UMG, Lagardère, TI, FL, Media for Europe and Multichoice. But if it actually refers to that, wouldn't BOL's stake be 30% our of Viv's shareholdings, or €2,4B?
PS. BAL €2,27 BN revenue and €0,27 EBITA, rest of Logistics €5bn revenue and €0,45 EBITA, so BAL was sold to MSC for a much higher amount/multiple than the rest of the Logistics business to CMA GGM, right, or I'm I missing something? Assuming that's correct, why do you think the multiple was much higher in the BAL sale, higher barriers to entry in Africa -and less competitors? Many thanks!