Canal+, the French pay-TV business being split off from Vivendi SE by billionaire Vincent Bolloré, started trading in London in the first test of a spinoff plan aimed at boosting the value of the businesses.
Canal+ shares traded at £2.52 in London as of 9:05 a.m. The listing marks the first stage of Bolloré’s plan to cut a conglomerate discount he says has been undervaluing assets in his media empire since the most valuable, Universal Music Group, was listed in 2021.
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