STOCKS NEWS EUROPE-Vivendi dips as it snatches GVT

Vivendi (VIV.PA) shares shed 1.6 percent after Friday's surprise news it gained control of Brazilian telecom company GVT for up to 4.12 billion reais ($2.39 billion), trumping Spain's Telefonica (TEF.MC) to gain a foothold in Latin America's biggest market.

Natixis Securities cuts its rating on Vivendi to "accumulate" from "buy", saying this "spectacular" announcement shows Vivendi's deal making skills but raises concern over its commitment to a strong financial discipline.

Telefonica stock was up 0.6 percent. For more double click on [ID:nN13479709]

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