Vivendi : 2021 AGM: all resolutions adopted including that for the public share buyback - what possible scenarios now?
>A 2021 AGM that opens the way to a public share buyback after the distribution of 60% of UMG - Vivendi held its 2021 AGM yesterday. All of the resolutions were adopted including that concerning the public share buyback and potentially covering 50% of the capital. It is likely that this operation will come on foot of the distribution of 60% of UMG’s capital (i.e. after 23 September). This could prompt Bolloré to launch a takeover on the remaining capital or to allocat...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.
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