The Supervisory Board approves the proposed division into four entities

Media and publishing giant Vivendi announced on Tuesday the recognition by its supervisory board of a proposed split into four entities: Canal+, Havas, publishing and distribution (Lagardere and Prisma Media) as well as a company bringing together an investment company. “The management board today proposed to the supervisory board – which the latter accepted – to organize this division around four entities”A press release clarifies that the group that took over Lagardere in late November.

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The split project was announced in mid-December and the three entities involved are each to be listed on the stock exchange: Canal+, Havas and an investment company that will hold “Listed and Unlisted Financial Partnerships in the Culture, Media and Entertainment Sectors”. The split project was announced in mid-December and the three entities involved are each to be listed on the stock exchange: Canal+, Havas and an investment company that will hold “Listed and Unlisted Financial Partnerships in the Culture, Media and Entertainment Sectors”.

So what’s new on Tuesday is a project to make“A company bringing together publishing and distribution assets”WHO “Will combine Vivendi’s majority stake in Lagardere and 100% stake in Prisma Media” And “will promote collaboration between the various fields of activity connected with publishing in its broadest sense”, the group said. This long-term split project “It should demonstrate its added value to all stakeholders and include an analysis of the tax implications of the various planned operations”Vivendi explains.

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A new progress report on the project study will be presented at the supervisory board meeting on March 7, the date of publication of the group’s annual results. among others “Milestones”

To come, cites Vivendi “Consulting the staff representative bodies of the units concerned, before which no decision will be taken in principle, obtaining the necessary regulatory authorizations, the necessary approvals from the bondholders and other creditors of the group and, in due course, the consent of the Vivendi shareholders”.

At the end of November, the possession of the Lagardère family by the Bollor family finally reached its conclusion, after more than three and a half years of adventures, which began when Vincent Bollor invited himself to the capital of Lagardère as a high risk. A general meeting for its manager. With this mega-acquisition, Vivendi changes size and goes from 38,000 to about 66,000 employees. Its turnover will increase by 72% to 16.5 billion euros compared to 2022, according to the group.