Vivendi: to remain in Paris after proposed demerger
(CercleFinance.com) - In its update on the planned demerger of Canal+, Havas and Louis Hachette Group, Vivendi states that it would remain a major player in the creative and entertainment industries listed on the Euronext Paris regulated market.
The group would continue to develop and transform Gameloft, while actively managing a portfolio of investments, including UMG, and being able to initiate new investments in related businesses.
Should this project go ahead at the end of the information and consultation procedure, a decision could be taken at the end of October with a view to submitting it to an Extraordinary General Meeting of shareholders, which could be held in December.
This transaction will only take place if it is approved by two-thirds of shareholders at this meeting. To date, no regulatory approvals have been identified as being required for this project to go ahead.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The group would continue to develop and transform Gameloft, while actively managing a portfolio of investments, including UMG, and being able to initiate new investments in related businesses.
Should this project go ahead at the end of the information and consultation procedure, a decision could be taken at the end of October with a view to submitting it to an Extraordinary General Meeting of shareholders, which could be held in December.
This transaction will only take place if it is approved by two-thirds of shareholders at this meeting. To date, no regulatory approvals have been identified as being required for this project to go ahead.
Copyright (c) 2024 CercleFinance.com. All rights reserved.