Vivendi Will Study a Project to Split Its Activities Into Several Entities
2023年12月14日 - 4:58AM
ビジネスワイヤ(英語)
Regulatory News:
Since the distribution and listing of Universal Music Group in
2021, Vivendi (Paris:VIV) has endured a significantly high
conglomerate discount, substantially reducing its valuation and
thereby limiting its ability to carry out external growth
transactions for its subsidiaries.
Canal+, Havas and Lagardère are currently experiencing strong
growth in an international context marked by numerous investment
opportunities.
In order to fully unleash the development potential of all its
activities, the Management Board of Vivendi proposed to the
Supervisory Board – which gave its approval on the matter today –
to explore the feasibility of a project to split the company into
several entities, each of which would be listed on the stock market
and structured around:
Canal+
Canal+ Group has experienced significant growth in recent years,
reaching a subscriber base of over 25 million in nearly 50
countries. Following the acquisitions of M7 and SPI, the company
has taken strategic stakes in businesses such as Multichoice, VIU,
and Viaplay, demonstrating its ability to identify and seize
promising opportunities across all its geographical areas. In light
of these successes, Canal+ is well-positioned to capitalize on
further consolidation opportunities on a global scale.
Havas
As one of the global leaders in communications, Havas brings
together over 23,000 employees spread across more than 100
countries. The group has maintained a steady pace of targeted
acquisitions over the past two years, thereby strengthening its
range of expertise and geographic footprint. Havas has also
launched numerous innovative solutions to meet the needs of its
clients. The impressive momentum demonstrated by Havas on a global
scale paves the way for an accelerated development and the
continuation of its successful transformation.
An investment company
An investment company with listed and unlisted financial stakes
in the cultural, media and entertainment sectors, which would
notably include the majority stake in the Lagardère group, a
global leader in publishing and Travel Retail delivering remarkable
performances.
The investment company would actively support the strategic
development of its portfolio companies and would focus on value
creation and capital return to its shareholders, through an
effective portfolio rotation and a targeted reinvestment
policy.
This split project would provide all the entities with the human
resources and the financial agility necessary for their
development.
This project will have to prove its added value for all
stakeholders and include an analysis of the tax consequences of the
various contemplated operations.
To conduct this study, Vivendi will be assisted by its usual
banks and advisors.
An update on the progress of the study of this split project,
and its feasibility, will be provided in due course.
About Vivendi
Since 2014, Vivendi has been building a world-class content,
media and communications group. Canal+ Group is a major player in
the creation and distribution of cinema and audiovisual content on
all continents. Lagardère is the world’s third-largest book
publisher for the general public and educational markets and a
leading global player in travel retail. Havas is one of the largest
global communications groups with a presence in more than 100
countries. Vivendi is also active in the magazine business (Prisma
Media), video games (Gameloft) and live entertainment and ticketing
(Vivendi Village). It also owns a global digital content
distribution platform (Dailymotion) and a subsidiary dedicated to
providing very high-speed Internet access in Africa (GVA).
Vivendi’s various activities work closely together as an integrated
group committed to transforming its businesses to meet the
expectations of the public and anticipate constant changes. As a
committed group, Vivendi contributes to building more open,
inclusive, and responsible societies by supporting diverse and
inventive creative works, promoting broader access to culture,
education, and its industries, and increasing awareness of 21st
century challenges and opportunities.
Important disclaimers
This press release contains information that may have
characterized, before becoming public, inside information as
defined by Article 7, par. 1, of the European Regulation 596/2014.
It also contains forward -looking statements with respect to
Vivendi’s financial condition, results of operations, business,
strategy, plans and outlook, including the impact of certain
transactions such as the split and listing projects, as well as
related operations. Although Vivendi believes that such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of completion of the split and
listing projects nor of Vivendi’s future performance. Actual
results may differ materially from the forward-looking statements
as a result of a number of risks and uncertainties, many of which
are outside our control, including, but not limited to, the risks
related to regulatory, administrative, third - party or any other
approvals and the risks described in the documents of the Group
filed by Vivendi wit h the Autorité des Marchés Financiers (the
French securities regulator), which are also available in English
on Vivendi’s website (www.vivendi.com). Investors and security
holders may obtain a free copy of documents filed by Vivendi with
the Autorité des Marchés Financiers at www.amf-france.org, or
directly from Vivendi. Accordingly, we caution readers against
relying on such forward-looking statements. These forward-looking
statements are made as of the date of this press release. Vivendi
disclaims any intention or obligation to provide, update or revise
any forward- looking statements, whether as a result of new
information, future events or otherwise. This press release does
not contain and does not constitute an offer of securities, nor an
inducement to invest in France or abroad.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231213696518/en/
Media Paris Jean-Louis Erneux +33 (0)1 71 71 15 84 Solange
Maulini +33 (0) 1 71 71 11 73
Investor Relations Paris Xavier Le Roy +33 (0)1 71 71 18 77
Nathalie Pellet +33 (0) 1 71 71 11 24
Telefonica Brasil (NYSE:VIV)
過去 株価チャート
から 4 2024 まで 5 2024
Telefonica Brasil (NYSE:VIV)
過去 株価チャート
から 5 2023 まで 5 2024