Vivendi Says a Small Investor Is Seeking to Delay Vote on Split

Vivendi SE said investor CIAM has filed with the Paris Commercial Court to postpone its shareholder meeting scheduled for next month and delay its plan to break up the company.

Vivendi shareholders are due to vote Dec. 9 on whether to separately list its pay-TV arm Canal+, advertising agency Havas and publisher Louis Hachette Group. A hearing on CIAM’s request for an injunction is scheduled for Dec. 4, Vivendi said Thursday in a statement.

The project to split up the company is being led by billionaire Vincent Bollore, Vivendi’s largest shareholder through Bollore SE with a 29% stake. ...