Shares in media giant Vivendi surge on break-up and spinoff plans
14/12/2023 08:13
PARIS, Dec 14 (Reuters) - Shares in Vivendi VIV.PA
surged on Thursday after the French media giant said it would
examine splitting up into several entities, each of which would
be listed on the stock market.
Vivendi shares were up 11.3% in early trading.
Vivendi, in which France's billionaire Bollore family holds
the biggest individual stake, said the businesses that could be
spun off included its TV unit Canal Plus, advertising arm Havas
and an investment company holding its stake in French company
Lagardere LAGA.PA .
(Reporting by Sudip Kar-Gupta and Danilo Masoni
Editing by Mark Potter)
((sudip.kargupta@thomsonreuters.com;))