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Vivendi Unveils Proposal for Three-Way Split, Confirms Canal+ Group London Listing Plan
Media conglomerate Vivendi is moving forward with its proposal to split into three separate entities.
The pay-TV group, which may pursue a secondary listing in Johannesburg pending its MultiChoice tender offer, would remain a French tax resident. A new entity, Louis Hachette Group, would encompass Vivendi’s publishing and distribution assets, including its 63.5% stake in Lagardère SA and Prisma Media. Vivendi itself would remain listed on Euronext Paris, focusing on developing Gameloft and managing its investment portfolio, which includes Universal Music Group.
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