French broadcaster Canal+ shares fall 13% in London listing after spinoff from Vivendi
Shares in French broadcaster Canal+ fell over 13% following their London stock market debut Monday. Canal+ is a pay TV and production company known for its live sports broadcasting and Studiocanal, which makes the Paddington film franchise.
Canal+ Falls, Havas Rises in Trading Debuts After Vivendi Split
Canal+’s shares fell on the London Stock Exchange and Havas’s stock rose on Euronext Amsterdam, as they started trading as standalone companies following their spinoffs from French media group Vivendi.
‘Paddington’ Producer Canal+ Shares Fall in London Debut After Vivendi Four-Way Split
The stocks of ad giant Havas and publisher Louis Hachette rose though following the split designed “to fully unleash the development potential of Vivendi’s different activities.”
Vivendi: Information Regarding the Listings of Canal+, Havas and Louis Hachette Group
As announced, the shares of Canal+, Havas NV and Louis Hachette group started trading on December 16 th on the London Stock Exchange, Euronext Amsterdam and Euronext Growth (Paris), respectively. The opening stock prices are as follows: Canal+: GBP 2.90 per share, or EUR 3.49 per share 1; Louis Hachette Group: EUR 1.20 per share.
Canal+ shares dive 15% following Vivendi spin-off
Vivendi also remains listed in Paris, with investments including Universal Music Group in its portfolio. While Canal+ slumped, Vivendi’s shares were up 35% this morning, while Havas was up 8% and publisher Louis Hachette was up 25%. Exec producer Robin Ashbrook underscores importance of UK ‘TV production language’ at heart of Max breakout show
Canal+ To Become Standalone Company As Vivendi Shareholders Approve Spinoff Plan
Canal+ is set to become a standalone company after shareholders of its parent, Vivendi, overwhelmingly approved a spin-off plan.
French production company Canal+ shares fall in London listing
Shares in French production company Canal+ fell over 10% following their London stock market debut Monday. Pay TV and production company Canal+ listed in London after being spun out from France's Vivendi.
Canal+ shares see drop on London trading debut after split from Vivendi
An initial decline was to be expected, said analysts, as certain investment funds were restricted to French-listed stocks. View on euronews
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