Report
Jerôme Bodin

Vivendi : Possible OPRA de 30% après l’AG mais année 2020 difficile, comment concilier ces deux paramètres ?

>Une histoire qui s’accélère mais à « quel prix » ? - Vivendi a annoncé hier la finalisation de la cession de 10% du capital d’UMG à Tencent sur la base d’une valorisation de 30 Md€. Le communiqué indique que le cash obtenu sera utilisé pour des rachats d’actions et des acquisitions. Il est probable que d’autres tranches soient cédées d’ici l’IPO en 2023 permettant à Vivendi de ne plus détenir que 51% du capital. Dans ce contexte, nous estimons possible qu’une OPRA im...
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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