After four previous sessions in the red, Vivendi is recovering very well, surging by 33.97% to 2.46 euros. Since this Monday, the split of the conglomerate into 4 entities has been effective, with the first listing of Canal + (-24.38% to 241.22 pence) in London, of Havas (+8.37% to 1.94 euros) in Amsterdam and Hachette (+27.02% to 1.02 euros) in Paris. Vivendi’s market capitalization is now divided by four compared to the end of last week and the effective split of the shares, at just over 2.5 billion euros.
The Canal+ IPO is the largest in terms of valuation for the London Stock Exchange since 2022, with analysts expecting a valuation of around €6 billion. The title of the audiovisual group opened at a reference price of 290 pence.
For its part, the Havas advertising agency entered the Amsterdam Stock Exchange with initial trading at a price of 1.88 euros, slightly higher than the reference price set at 1.79 euros, for a total valuation of 1.77 billion euros.
Louis Hachette Group, which owns 66.53% of Lagardère SA and 100% of Prisma Media, is a global group bringing together nearly 32,500 employees in more than 40 countries. The share price was set at 1.12 euros per share. The company’s market capitalization amounts to 1.11 billion euros.
Vivendi still includes several assets, including a 9.98% stake in Universal Music Group – itself listed on the stock market in 2021 by the French group -, valued at nearly 4.5 billion euros.
The firm is also present in the capital of the Italian television giant MediaForEurope (formerly Mediaset), with nearly 20% of the shares, as well as within the French production company Banijay (19.2%), or even the Spanish media group Prisa (11.9%). Vivendi is also the sole shareholder of Gameloft.
Ultimately, Vivendi should exit the CAC 40 due to the mechanical drop in its valuation.
source: AOF
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Belgium
