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BREAKING NEWS

BREAKING NEWS

Media group Vivendi's third-quarter sales rise 5.5 percent

Media group Vivendi's third-quarter sales rise 5.5 percent
FILE PHOTO: A logo is seen over the main entrance of the entertainment-to-telecoms conglomerate Vivendi's headquarters in Paris April 8, 2015. REUTERS/Gonzalo Fuentes/File Photo -
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Gonzalo Fuentes(Reuters)
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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)

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