Gibson Dunn & Crutcher and Freshfields Bruckhaus Deringer have taken the lead roles on French media giant Vivendi’s €4.2bn (£3.6bn) sale of its shareholding in Maroc Telecom.

Vivendi has confirmed it has entered exclusive negotiations with UAE telecoms giant Etisalat over a deal which would see it sell off a 53% controlling stake in Morocco’s main telecoms company.