Vivendi has moved a step closer to being divided into two parts: the telecom hub SFR and international media group based in France combining Canal+, Universal Music and Brazil’s GVT.
This follows a Supervisory Board meeting at which Vincent Bolloré was unanimously appointed its vice chairman and Jean-René Fourtou retained the position of chairman.
The two now have the task of overseeing a separation of Vivendi into two entities, a study of which has now been launched by the Board.
At the end of this study, it will decide in early 2014 on whether or not to implement it.
If the decision is positive, the separation will take between 6-12 months to implement.
Aside from the separation, Vivendi has also announced plans sell Maroc Telecom and the majority of its stake in the leading video game company Activision Blizzard.
