Vivendi: back to CAC cheered by market

(CercleFinance.com) - Euronext last night announced that Vivendi's shares would be returning to the CAC 40 index, six months after leaving it, a decision that saw the stock rise by over 2% in Paris on Friday.


Vivendi left the Paris stock exchange's flagship index on 19 June, replaced by Edenred, after a difficult start to the year, notably due to Vincent Bolloré selling shares in the group.

However, analysts were regularly talking about a potential comeback for the communications and entertainment group, whose share price has recovered by almost 11% since it was announced that it would be leaving the CAC.

With a market cap of over E9.1bn, Vivendi may be a dwarf compared to the giants LVMH (E366bn) and L'Oréal (E236bn), but it is still one of the 40 best-valued companies in Paris.

This is a decisive factor, given that Euronext's experts base the composition of the CAC on free float capitalisation and trading volumes.

The changes resulting from the quarterly review of the CAC family are due to take effect on Monday 18 December, Euronext said.


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