Vivendi Picks LSE for Canal+, Amsterdam for Havas Post-Split (1)

Vivendi SE said that its Canal+ broadcasting business should be listed on the London Stock Exchange and that the Havas advertising agency is likely to trade in Amsterdam, as French billionaire Vincent Bolloré moves ahead with plans to break up his sprawling media and entertainment empire.

Louis Hachette Group, a new company that brings together Vivendi’s publishing and distribution assets, would be listed in Paris, the company said in a statement on Monday. Following the split, the Bolloré Group would hold about 30.6% of the shares of Canal+, Louis Hachette Group and Havas respectively. Because of the voting rights structure ...