Vivendi Shareholders Approved Separation Plan

by Steve McClellan @mp_mcclellan, December 9, 2024

Vivendi reported today that shareholders approved its plan to split into four separate companies with Canal+, Havas and Louis Hachette Group separating from the main company. The plan was approved by over 97.5% of voters.

As previously announced those companies will be publicly traded on different exchanges; the first trading day is set for December 16.

An investment called CIAM had challenged the validity of the split plan but the Paris Commercial Court rejected the firm’s challenge, allowing the shareholder vote to proceed as scheduled today.

agency, holding company

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