PARIS (Reuters) – French media group Vivendi <VIV.PA> reported a 5.5 percent rise in third-quarter sales on Thursday, beating a market forecast, and also said it had appointed banks to help it on a possible sale of part of its Universal Music Group (UMG) division.
Vivendi’s sales increased 5.5 percent from a year ago to 3.38 billion euros ($3.8 billion). An Inquiry Financial poll for Reuters gave a median forecast for 3.3 billion euros in revenue.
The holding company of French billionaire Vincent Bollore <BOLL.PA> has a 29.6 percent stake in Vivendi.
(Reporting by Sudip Kar-Gupta; Editing by Susan Fenton)