Kepler Cheuvreux cuts Vivendi to 'hold' after court ruling in Bolloré control case

Vivendi SE

01/12/2025 07:36

** Kepler Cheuvreux cuts Vivendi VIV.PA to "hold" from "buy" after a French court overturned a ruling that the billionaire Bollore family exercised de facto control over the holding

** The court's decision, which sends the case back to a different appeals court, significantly diminishes the speculative prospect of a mandatory buyout offer by Bollore, the broker says

** "The story reverts to fundamentals and a classic holding discount," Kepler notes as it slashes its PT by about 43% to EUR 2.5, removing the speculative premium

** Out of 10 analysts covering Vivendi, four rate it "strong buy"/"buy" and six "hold" - LSEG data

(Reporting by Jakob Van Calster)

((jakob.vancalster@thomsonreuters.com ))