Vivendi : Good momentum at the start of the year and share buybacks might resume very rapidly
>Better-than-expected operating momentum and resumption of share buybacks - The group held its 2020 AGM yesterday which led to the adoption of two minutes regarding share buybacks (10% of the capital and public share buyback offer for 30%). We think that Vivendi might start buying back its own shares on the market very soon, possibly even as of today. This will be confirmed on Monday when the weekly data on transactions by companies on their own shares are published....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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