In France, Hachette Livre parent company Vivendi has updated its plans to list parts of its business on the stock market, reports the Bookseller.

Vivendi said it would create three companies, with the new Louis Hachette Group (named after the Hachette founder) to include the book publisher; the group’s retail outlets in railway stations and airports; Prisma Media; as well as the 63.5% stake the group holds in Lagardère SA.

The Bookseller reported that Vivendi planned to list the new company on Euronext Growth in Paris alongside Lagardère SA, while its two other companies, Canal+ and Havas, would be listed in London and Amsterdam respectively. ‘The group’s statement … made no mention of a fourth company to look after group investments in culture, media and entertainment, which was flagged in December 2023’ said the Bookseller.

Vivendi initially announced its plan to list parts of its business on the stock market following its takeover of the Lagardère group. The project was presented to the Vivendi supervisory board on 22 July and may be presented to an extraordinary shareholders’ meeting in December, where it would need a two-thirds majority vote to go ahead.

Category: International news