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Vivendi Unveils Proposal for Three-Way Split, Confirms Canal+ Group London Listing Plan

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variety.com
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Naman Ramachandran Media conglomerate Vivendi is moving forward with its proposal to split into three separate entities, the company revealed on Monday.

The plan, first revealed in December 2023, aims to address Vivendi’s conglomerate discount and unlock value for its subsidiaries.

Under the proposed split, Canal+ would list on the London Stock Exchange, reflecting its international reach. The pay-TV group, which may pursue a secondary listing in Johannesburg pending its MultiChoice tender offer, would remain a French tax resident.

Advertising giant Havas would list as a Dutch public limited company on Euronext Amsterdam. The move is designed to support Havas’ global strategy and offer multiple voting rights to long-term shareholders.

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