Vivendi’s Supervisory Board has approved a resolution on the future of the company that are expected to lead to the separation from Vivendi of Canal+, Havas and Louis Hachette Group.
The proposal will be put to shareholders at a meeting on 9 December.
Under the plans Canal+ would remain a company incorporated and taxed in France. There is also the possibility of a secondary listing on the Johannesburg stock market, depending on the success of its public tender offer for MultiChoice.
Havas, with the majority of its activities being carried out internationally, would be listed as a Dutch public limited liability company (NV) on the Euronext Amsterdam stock exchange, where Universal Music Group has already been listed.
A newly named company, Louis Hachette Group, would bring together the assets owned by Vivendi in publishing and distribution, and be listed on Euronext Paris.
Vivendi plans to remain a leading player within the creative and entertainment industries, also listed on Euronext Paris. Vivendi would continue to develop Gameloft and actively manage a portfolio of investments, among them Universal Music Group. It would also provide a number of services to the three companies.
