It is a large-scale operation.
Vivendi, owner of the world music champion Universal Music Group (UMG) for twenty years, has decided to part with it.
On Saturday, the French group announced its intention to create, at an extraordinary general meeting on March 29, a new company regrouping the shares of UMG.
60% of these shares will be redistributed to current Vivendi shareholders, before being floated on the stock market.
At the end of this transaction, Vivendi will directly keep 20% of UMG's capital, the Chinese Tencent will keep its 20% and the Bolloré family, which controls Vivendi, will receive around 20% of UMG shares.
Incidentally, Vincent Bolloré passes part of UMG's value from Vivendi's pocket… directly to that of his family.
The ogre appetite of Vincent Bolloré at the head of Vivendi
Today, Vivendi believes that Universal Music, the home of international artists such as Rihanna, Taylor Swift, Justin Bieber, Lady Gaga, also holder of Bob Dylan's catalog of songs, is a very well valued asset.
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