Vivendi Chief Demonstrates Faith in the Future

04 October 2004

The ceo of French media and communications group Vivendi Universal, Jean-Rene Fourtou, has told the board he plans to double his personal stakeholding.

Fourtou is to spend €3.8m ($4.7m, £2.6m) to buy more shares in the company, which he is nursing back to health following its near collapse in 2002 after a fierce acquisitions spree by his predecessor, Jean-Marie Messier.

Vivendi announced last month it will pay a dividend next year of €0.49 ($0.61, £0.35) per share.

Data sourced from Financial Times; additional content by WARC staff