Vivendi has scheduled a shareholders’ meeting for December 9 in Paris to vote on the company’s plan to split into four separate entities.  

The firm announced that it was considering the split last December in a bid to maximize shareholder value.  

If the plan is approved, Havas Group would once again become a separate public company as would media company Canal+ and publisher Louis Hachette Group. Their new stock listings would become effective December 16. Havas had been a public company before being acquired by Vivendi in 2017. 

Earlier this month, in preparation for the split, Havas announced the appointment of Delphine Maillet as head of investor relations.    

In July Vivendi said that if the plan was executed as anticipated the Bolloré group would hold approximately 30.6% of the share capital and voting rights of Canal+ and Louis Hachette Group. And it would hold approximately 30.6% of the share capital of Havas NV and could hold over 40% of the voting rights.   

Bollore was also the controlling shareholder in Havas prior to its acquisition by Vivendi.