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Vivendi Curve Rallies On Mgmt Update On Split Of Group Into Four

COMMUNICATIONS


  • Vivendi is exploring a split into four entities: Canal+, Havas, a new publishing and distribution company combining Lagardère and Prisma Media, and an investment company.
  • The split aims to address Vivendi's valuation issues and improve its capacity for external growth.
  • The project requires further steps including staff consultations, regulatory approvals, and shareholder consent, with an update planned for earnings on 07 March.
  • Vivendi’s curve is sitting richer at most maturities, longest bond, their EUR 28s streaming 10bps richer versus midswaps.

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