The media group announced that Universal Music's IPO should take place by the end of the year.
The title of the French media giant Vivendi soared by more than 17% Monday morning on the Paris Stock Exchange, after it announced on Saturday that it wanted to put its subsidiary Universal Music Group on the stock market by the end of the year ( UMG) and distribute 60% of the capital to its shareholders.
After being suspended for a few minutes at the opening, the Vivendi title took off from 17%
The title of the French media giant Vivendi soared by more than 17% Monday morning on the Paris Stock Exchange, after it announced on Saturday that it wanted to put its subsidiary Universal Music Group on the stock market by the end of the year ( UMG) and distribute 60% of the capital to its shareholders.
After being suspended for a few minutes at the opening, the Vivendi title took off from 17% to 30.54 euros around 10 am, in a market up 0.72%.