Vivendi Group will seek a London listing for its pay-television business Canal+, the French media conglomerate said.
Canal+ is currently engaged in a bid to acquire JSE-listedThe move by Vivendi is part of a plan to unbundle the sprawling media giant that will also include the listing of its advertising business,A London listing would represent an attractive solution for international investors likely to be interested in the group
“With close to two-thirds of its subscribers outside of France, a film and TV series distribution network present on all continents, and growth drivers resulting from its recent developments on the African, European and Asia-Pacific markets, a London listing would represent an attractive solution for international investors likely to be interested in the group,” Vivendi said in a statement.
, almost two-thirds of Canal+’s subscribers live outside France – and that’s before the MultiChoice deal is even consummated.
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