Vivendi : Intégration de Lagardère dans notre modèle – Plusieurs changements mais sans impact majeur sur notre prévision de RN
>Une consolidation sans impact sur notre SOP mais baisse de la valeur de certaines participations minoritaires - Vivendi a annoncé la finalisation de l’acquisition de Lagardère le 20 novembre et détient ~60% de l’actif du groupe. Lagardère était pour le moment comptabilisé en mise en équivalence opérationnelle et va donc être consolidé intégralement dans les résultats. Nous l’intégrons désormais dans nos prévisions. Notre séquence de BPA ajustés est globalement incha...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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