Report
Jerôme Bodin

Vivendi : La participation de 10% dans UMG, actif pivot de l’equity story ?

>Un actif clef car facilement monétisable - Nous faisons un point sur la participation de Vivendi dans UMG (10,02% du capital) dans le cadre de nos réflexions sur l’évolution du groupe. Cet actif est souvent oublié mais présente toutefois un réservoir de valeur important et clef dans la réorganisation du groupe. Il s’agit probablement de l’actif « pivot » dans l’equity story du groupe. Rappelons que le groupe l’a conservé dans le cadre de la distribution de 60% du ca...
Underlying
Vivendi SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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