French TV business Canal+ is gearing up to list on the London Stock Exchange amid the break-up of its parent company Vivendi. Canal+ would be listed on the London Stock Exchange to reflect the company's international dimension, particularly as part of the ongoing combination with South African TV giant MultiChoice.
Vivendi said a London listing would represent an attractive solution because nearly two thirds of Canal+ subscribers are outside of France, aiming to revamp its valuation and facilitate growth for its subsidiaries.
Vivendi's decision to split its three main subsidiaries, including Canal+, Havas, and Lagardere, into separate companies is driven by the aim to unlock value and opportunities stifled by its current conglomerate structure.
Collection
[
|
...
]