Vivendi shareholders approved the company’s plan to break up the conglomerate into multiple parts, with new stock listings later this month for the Canal+ broadcasting assets, the advertising agency Havas, and a newly-named Louis Hachette Group. That Louis Hachette Group will comprise Vivendi’s controlling 66.5 percent stake in Lagardere (which includes both Lagardere Publishing as well as the big travel retail division), alongside Prisma Media, France’s leading magazine publisher. The Bolloré Group, which currently controls Vivendi, will own roughly 31 percent of the Louis Hachette Group, which will begin trading on the Euronext Growth (Paris) stock exchange on December 16, […]
