Havas demerges with Vivendi
The decision to separate was reportedly made following Vivendi's supervisory board approval last year to explore a company split, aiming to unlock the full potential of its assets
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Published: Dec 17, 2024 1:03 PM | 1 min read
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Days after Vivendi’s shareholders approved the separation of Canal+, Havas and the Louis Hachette Group, Havas has now become an independent publicly traded company. The company was listed independently on the London Stock Exchange, Euronext Amsterdam and Euronext Growth (Paris) on December 16.
Havas had been under Vivendi's management since its acquisition in 2017.
According to media reports, the decision to separate was made following Vivendi's supervisory board approval last year to explore a company split, aiming to unlock the full potential of its assets.
The demerger proposal reportedly received overwhelming support from the shareholders. Canal+ and the Louis Hachette Group's demerger received 97.57% and 97.58% of the votes, respectively. While the resolution to distribute shares of Havas NV to Vivendi shareholders received 97.61 percent backing.
One of the media reports quoted Yannick Bolloré, Chairman and CEO of Havas, as saying, “We are delighted with the very high adoption rate of our spin-off project. This undisputable result confirms the strong support of our shareholders for this transformative transaction. We are convinced that this new chapter for Canal+, Havas and Louis Hachette Group will be very promising and create value for all stakeholders.”
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