Vivendi Group confirmed plans to proceed with a demerger under which shares in its SFR subsidiary will be distributed to Vivendi shareholders. This will give Vivendi shareholders the opportunity to invest in two separate vehicles listed on the stock market and valued according to the specifics of their respective sectors.
Vivendi is an international media group, bringing together strong brands in the production and distribution of original content.
SFR is a French telecommunications operator delivering mobile, landline, internet, IP television and mobile internet to consumers and businesses.
Vodafone sold its 44% share in SFR to Vivendi in 2011.
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Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
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Vivendi Group confirmed plans to proceed with a demerger under which shares in its SFR subsidiary will be distributed to Vivendi shareholders. This will give Vivendi shareholders the opportunity to invest in two separate vehicles listed on the stock market and valued according to the specifics of their respective sectors.
