French media and telecom company Vivendi SA (VIVDY, VIVEF, VIV.FR) announced Tuesday that it acquired nearly all shares in Brazilian telecom operator GVT Holding S.A. (GVTT3.BR) during a tender offer and will start the process of delisting the firm.

Vivendi bought 16.6 million shares in GVT in an operation worth 967 million Brazilian reals ($549.4 million, according to preliminary stock market data.

As a result, Vivendi now controls 99.2% of the stock.

At the end of last year, Vivendi acquired control of GVT.

-By Alastair Stewart, Dow Jones Newswires; 5511 3544 7072; alastair.stewart@dowjones.com
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