Canal + in exclusive talks to buy minority stake in cinema chain UGC

Vivendi SE

02/09/2025 19:04

PARIS, Sept 2 (Reuters) - French pay-TV company Canal + CAN.L said on Tuesday that it was in exclusive negotiations to buy a 34% stake in UGC, one of the largest cinema chains in France, for an undisclosed amount.

Following the acquisition, Canal + will have an option to take full control of UGC from 2028, the statement said.

Canal + was spun off from French media group Vivendi VIV.PA in December and listed in London.

(Reporting by Dominique Vidalon)

((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters Messaging: dominique.vidalon.reuters.com@reuters.net/))