Vivendi Eyes London Stock Exchange Listing For Canal+ As Part Of Company Split Project
deadline.comCanal+ could gain a London Stock Exchange listing as part of Vivendi‘s exploration of whether to split its business in three.
Since December, the France-based media giant has been studying if it should separate Canal+, ad business Havas and publisher Lagardère with their own stock market listings.
Today, it released a statement saying its study as “demonstrated the feasibility of this project under satisfactory conditions.” Under the plan, each company would keep the “decision-making center of their activities, as well as their operational teams, in France.” Canal+, however, would be listed on the London Stock Exchange, which would “reflect the company’s international dimension” as it moves towards a deal to buy Africa’s MultiChoice.
Vivendi noted “close to two thirds” of Canal+’s subscribers are outside of France, with other parts of Europe, Africa and Asia-Pacific driving growth.
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