Vivendi Investors Approve Three Spinoffs Listing Dec. 16 (1)

French media conglomerate Vivendi SE can go ahead with a plan to spin off three multibillion-euro units next week, after shareholders voted to approve the operation at a general meeting in Paris on Monday.

Shareholders backed the plan to separately list pay-TV arm Canal+ in London, advertising agency Havas in Amsterdam, and publisher Louis Hachette Group in Paris, while the remaining Vivendi firm will stay listed in France. A first listing of shares of the three companies is expected on Dec. 16.

The project to split up the company has been led by billionaire Vincent Bolloré, Vivendi’s largest shareholder ...