2024-12-16 18:56:00
If the Louis Hachette group took off by almost 30%, the Canal+ group lost 20% of its value on the London Stock Exchange.
After the approval of the assembly, the verdict of the Stock Exchange. The four entities resulting from the Vivendi split experienced different fortunes on their first day of trading this Monday. In London, Canal+ was welcomed reluctantly. Presented at 290 pence, the audiovisual group’s shares closed the day down by almost 22%. Its boss, Maxime Saada, had prepared to endure market volatility. The British market, considered riskier than the Parisian one, may have cooled investors. Some funds, limited to shares listed in France, may also have been forced to sell their Canal+ securities.
Presented in Amsterdam, Havas had a more promising start: the share of the advertising company, now a Dutch company, gained 11.17% at the opening, against an initial price set at 1.79 euros, before stabilizing at end of the day. But it is undoubtedly Louis Hachette Group, an entity that brings together Vivendi’s stakes in Lagardère and Prisma Media, that creates the surprise.
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Vivendi: why Bolloré wants to list Havas in Amsterdam and Canal+ in London
Presented on Euronext Growth, an unregulated listing on the Parisian market, the stock of this future publishing giant grew by 27% compared to the initial listing, at 1.20 euros. A craze that could explain the less professional nature of this rating. On Euronext Paris, the Vivendi holding company closed with a gain of 42%.
Despite these two flights, the Bolloré group failed, on this great day, to convince that the sum of the parts of its holding was worth more than the total. While he was counting on an overall valuation of 16 billion euros, on Monday evening the sum of the entities amounted to around 8.6 billion euros, slightly more than that of the former conglomerate on Friday. But the markets’ attitude, in particular towards Canal+, could change in the coming weeks…
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