Deutsche Bank and Goldman Sachs have lost at least €44m ($39.2m) from underwriting the accelerated sale of €3.3bn worth of shares in Vivendi Universal, the French-US media firm.
Vivendi said in a statement it was selling shares "through a firmly underwritten offer with a pricing range of €60 to €61". The 55 million treasury shares were actually sold at the lower price of €59.20 each, the closing price of the shares in Europe on Monday.
