Vivendi, the Paris-headquartered media conglomerate, is about to enter a brand new period with its flagship pay TV banner Canal+ Group set for a bow on the London Inventory Trade.
Slated for Dec. 16, the itemizing of Canal+ Group, which is the father or mother firm of “Paddington” producer Studiocanal, is a part of a derivative challenge which was simply accepted on Monday at Vivendi’s shareholders assembly, beneath the chairmanship of Yannick Bolloré.
The challenge, which obtained 97.5% of the votes, will see Canal+ break up from Vivendi, together with Havas and Louis Hachette Group which may also be itemizing individually, in Amsterdam and in Paris, respectively.
Louis Hachette Group brings collectively Vivendi’s 66.53% stake in Lagardère and 100% of Prisma Media.
“We’re delighted with the very excessive adoption fee of our spin-off challenge. This undisputable outcome confirms the robust help of our shareholders for this transformative transaction,” stated Bolloré.
“The Supervisory Board wish to warmly thank Arnaud de Puyfontaine and the entire Administration Board, all of the groups concerned on this challenge, our completely different advisors and our shareholders for his or her belief. We’re satisfied that this new chapter for Canal+, Havas and Louis Hachette Group might be very promising and create worth for all stakeholders,” Bolloré continued.
