A Boost for the London Stock Exchange?
Vivendi, the French media giant, is reportedly considering a London listing for its pay-TV branch, Canal+, in a move that could bring a much-needed boost to the London Stock Exchange. The news sent Vivendi’s shares soaring as investors took notice of the potential listing.
A Much-Needed Capital Raiser
The decision to take Canal+ public comes as Vivendi struggles to recover from a downturn in its valuation following the 2021 listing and distribution of Universal Music Group. By listing Canal+, Vivendi hopes to raise capital and focus on expanding its subsidiaries. The company has already seen robust growth worldwide and is attracting significant investor interest.
More Listings on the Horizon
Vivendi isn’t stopping at Canal+. The company also plans to take its public relations and advertising company, Havas, public as well as an investment company with a majority stake in Lagardere Group. The listings are expected to take place later this year, with banks and advisors working to iron out the details.
A Bright Spot for the UK Stock Exchange
The Canal+ listing comes at a time when there is renewed investor interest in the UK stock market. In recent months, companies like Raspberry Pi, Shein, and Rosebank Industries have chosen to list in the UK, boosting confidence and renewing interest in the London Stock Exchange. According to Russ Mould, investment director at AJ Bell, UK equities are still a good bargain compared to other stock exchanges in the US, Europe, and Japan.
What’s Next for Vivendi?
With its diverse portfolio of brands and subsidiaries, Vivendi is poised for continued growth and success. As the company works to finalize the details of its listings, investors will be watching closely to see how these moves impact the company’s performance and valuation.
SOURCE: Ref Image from Variety
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