Report
Jerôme Bodin

Vivendi : Vivendi set to distribute 60% of UMG: the six main questions

>A positive move that heralds the continuation of the Vivendi/Bolloré simplification - Vivendi announced on Saturday the distribution of 60% of UMG’s capital to its shareholders, as well as its listing in the Netherlands. We have broken down this transaction through six questions regarding: the timetable, the tax situation, the breakdown of UMG’s capital, its control with the possible activation of multiple voting rights, UMG’s valuation and, lastly, the potential nex...
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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