Canal+ Group, Owner of ‘Paddington’ Producer Studiocanal, to Enter London Stock Exchange After Vivendi Shareholders Approve Spinoff
variety.comElsa Keslassy International Correspondent Vivendi, the Paris-headquartered media conglomerate, is about to enter a new era with its flagship pay TV banner Canal+ Group set for a bow at the London Stock Exchange.
Slated for Dec. 16, the listing of Canal+ Group, which is the parent company of “Paddington” producer Studiocanal, is part of a spinoff project which was just approved on Monday at Vivendi’s shareholders meeting, under the chairmanship of Yannick Bolloré.
The project, which received 97.5% of the votes, will see Canal+ split from Vivendi, along with Havas and Louis Hachette Group which will also be listing separately, in Amsterdam and in Paris, respectively.
Louis Hachette Group brings together Vivendi’s 66.53% stake in Lagardère and 100% of Prisma Media. “We are delighted with the very high adoption rate of our spin-off project.
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