Vivendi SE's plan to divide into four separate companies is facing challenges, causing concern among investors.
The media conglomerate, valued at €9 billion ($9.4 billion), intends to list its Canal+ studio business on the London Stock Exchange, the Havas marketing group in Amsterdam, and the Louis Hachette Group on Euronext’s junior market, while keeping other assets on France’s main bourse.
The complexity of the separation may unintentionally strengthen Vincent Bolloré's control over the company, potentially leading to conflict and raising doubts about the effectiveness of the breakup strategy and its benefits for shareholders.