Vivendi is considering splitting itself into three separate units to boost the share price on the Paris Euronext market.
The French firm believes its stock trades at a “significantly high conglomerate discount,” which reduces the company’s valuation and limits its “ability to carry out growth transactions for its subsidiaries.”
Vivendi’s stock trades at €9.95 Euros. It has traded in the range of €7.99 and €10.22 since Jan. 1. The stock traded as high as €13.60 (9/10/21) during the past five years.
The company’s subsidiaries include Havas ad/PR business, Canal+ Group mass media operation and an investment company with a big stake in Lagardere, publishing and travel retail group.
CEO Arnaud de Puyfontaine claims the trio is experiencing strong growth with numerous investment opportunities.
Havas is the parent of H/Advisors Abernathy, financial communications, and PA shop.
H/Advisors has offices in the US, UK, Ireland, Germany, France, Spain, Belgium, China, Australia, Singapore and Japan.