Examines spinning off Canal+, Havas, publishing unit (Il Sole 24 Ore Radiocor) - Paris, 29 Apr - Vivendi said that it currently examining a partial split of its assets, under which Canal+ Group, Havas and the company grouping the assets in publishing and distribution would become independent entities listed on the stock market.

"Once separated from these three entities, Vivendi would remain as is, publicly listed, maintaining its role of supporting the transformation and expansion of its subsidiaries and continuing to actively manage its investments," it added.

If the supervisory board authorizes the project to proceed in this way, "it must first be subjected, in due time, to consultation with the employee representative bodies of the entities concerned. At the end of this consultation process, it may be necessary to seek a number of regulatory authorizations, approvals from bondholders and other group lenders, and then a vote at an extraordinary general shareholders' meeting which could be convened at the date of the annual general shareholders' meeting scheduled for April 2025," it said.

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(RADIOCOR) 29-04-24 12:47:27 (0288) 5 NNNN