Vivendi's spinoffs debuted with varied success; Canal+ shares dropped, while Hachette and Havas gained.

Three spinoff companies from Vincent Bollore's Vivendi media empire debuted on stock markets with mixed results. Canal+, known for its live sports and the Paddington film series, saw its shares drop 15% in London. In contrast, book publisher Louis Hachette soared 25% in Paris, and advertising agency Havas gained 6% in Amsterdam. The breakup was approved by 97% of shareholders, with Bollore officially retiring in 2022 but likely maintaining behind-the-scenes influence.

4 months ago
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