PARIS (Reuters) – Vivendi said on Tuesday its supervisory board approved a proposal from its management board to split the group into four entities – Canal+, Havas, a company bringing together publishing and distribution assets, and a private equity company. ‘investment.
The media giant announced in December that it would study a plan to split its activities into several entities.
A new progress report on the study of the split project will be presented at the meeting of the supervisory board on March 7, the date of the publication of the group’s annual results, Vivendi said in a press release.
Several important steps will also have to be taken, recalled the group, citing the consultation of the staff representative bodies of the entities concerned, the obtaining of the necessary regulatory authorizations, the required approvals from the bond holders and other lenders of the group, then, the where applicable, the consent of the shareholders.
This project, intended to provide all activities with the human resources and financial agility necessary for their development, must demonstrate its added value for all stakeholders and include an analysis of the tax consequences of the various planned operations, is -he writes in the Vivendi press release.
(Written by Jean Terzian)
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