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Vivendi shares surge as media conglomerate outlines plans to split

Por: MarketWatch Business December 14, 2023

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Vivendi’s Paris listed shares surged 7% on Thursday with stock in the company having risen 8% over the previous 12 months.  In a statement, Vivendi said the plans are aimed at boosting its valuation, which has suffered in recent years, following the decision to spin out its highly lucrative Universal Music Group subsidiary via an initial public offering on the Amsterdam Euronext stock exchange in 2021.  “Since the distribution and listing... + full article



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