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The Paris court of appeals ruled on Tuesday the French market watchdog must reconsider whether a mandatory buyout offer is or was necessary when the former media conglomerate Vivendi completed its multibillion-euro split last year.
Poste Italiane has agreed broad terms with Vivendi to buy the bulk of the French group's stake in Telecom Italia and become its main investor, three sources close to the matter said on Saturday.
Vivendi SE (OTCPK:VIVHY) Full Year 2024 Earnings Conference Call March 6, 2025 11:45 AM ET Company Participants Arnaud de Puyfontaine – Chairman and Chief Executive Officer François Laroze – Chief Financial Officer Conference Call Participants Sami Kassab – BNP Pariba Operator Good evening, everyone, and welcome to the Vivendi Full Year 2024 Earnings Presentation. This conference will be hosted by Mr.
Vivendi management and bosses of some of its newly spun out companies - Canal+, Havas and Louis Hachette Group - need to lay out more clearly their strategies to convince investors the break-up was worth it, analysts and investors said.
An Italian court is expected to decide this week on a request by Telecom Italia's (TIM) top investor Vivendi to annul the former phone monopoly's decision to sell its landline grid to a consortium led by KKR , a source close to the matter said.
The newly listed spinoffs of Vivendi have seen their shares decline in their first week of trading, after being listed on Monday in a move aimed at unwinding the conglomerate discount of tycoon Vincent Bollore's media empire.
Vivendi's newly spun-off entities Canal+, Havas and Louis Hachette Group will start trading in London, Amsterdam and Paris respectively on Monday, after shareholders of the French media conglomerate voted overwhelmingly in favour of the high-stakes split project on Dec. 9.
Advertising firm Havas, set to be spun-off from French media conglomerate Vivendi in December, said on Tuesday it aimed to raise its adjusted operating profit margin to between 14% and 15% by 2028, compared to 12.1% last year.
French broadcaster Canal+ highlighted its intention to become a global-content platform, seeing Asia and Africa as high-growth markets during its Capital Markets Day on Monday, ahead of its prospective listing on the London Stock Exchange.
Vivendi SE reported Q2 earnings with sales increasing by almost 93% due to the acquisition of Lagardère. Company's gross margins and bottom line improved, but EBIT margin faltered, likely due to Lagardère acquisition. Proposed split into three entities (Canal+, Havas, Louis Hachette) may improve focus and performance, with Lagardère showing potential for growth.