Banks competing for a role on Vivendi's (VIV.PA) buyout of Vodafone's (VOD.L) stake in France's SFR can expect only meagre fees despite a deal value of up to 9 billion euros ($12.12 billion). Compensation for the eventual mandate will fall far short of more lucrative deals, such as Sanofi Aventis' (SASY.PA) $18.5 billion hostile bid for Genzyme (GENZ.O), six people close to the SFR process told Reuters. But the fact the banks would deepen their relationship with two of Europe's biggest telecom, media and technology companies would still make the work attractive.
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