PSAM fund says not seeking to break up Vivendi-Les Echos

April 2, 2015 6:10 AM

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PARIS, April 2 (Reuters) - Activist U.S. hedge fund PSAM is not seeking to break up French media group Vivendi but wants bigger payouts for shareholders, PSAM founder Peter Schoenfeld said in an interview with Les Echos published on Thursday.

PSAM, which says it owns 0.8 percent of Vivendi, is trying to rally other shareholders to vote for two resolutions that would require Vivendi to boost returns to shareholders to 9 billion euros ($9.71 billion) after selling four of its six businesses.

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