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Vivendi Completes Spin-Off Of Canal+, Havas And Louis Hachette

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Vivendi SE announced the completion of the spin-off of Canal+ (CAN), Havas (HAVAS), and the Louis Hachette Group.
The article from Forbes, published on December 23, 2024, discusses Vivendi's strategic move to complete the spin-off of its major divisions: Canal+, Havas, and Louis Hachette. This restructuring aims to unlock shareholder value by allowing each entity to operate independently, focusing on their core businesses. Canal+ will continue as a leading premium pay-TV provider, Havas will maintain its operations as a global advertising and communications giant, and Louis Hachette will focus on its publishing and distribution activities. The spin-off is part of Vivendi's broader strategy to streamline its operations, reduce conglomerate discount, and enhance the growth potential of each business unit. The process involved distributing shares of the new entities to existing Vivendi shareholders, effectively creating three separate publicly traded companies. This move is expected to provide each company with more strategic flexibility and potentially attract different investor bases tailored to their specific industry sectors.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/joecornell/2024/12/23/vivendi-completes-spin-off-of-canal-havas-and-louis-hachette/ ]