News - 20/04/2018

Vivendi is thinking about potential IPO of Universal Music Group

Vivendi is thinking about potential IPO of Universal Music Group

CEO Arnaud De Puyfontaine officially confirmed that Vivendi is officially busy with with preparatory work to put Universal Music Group as its own entity on the stock market.

Speaking to shareholders in Paris, according to the "FT", De Puyfontaine said: 

We have started work that will allow us to present the benefits of a potential listing of UMG to the supervisory board.

The news was delivered as it was also announced that Yannick Bolloré will be taking over as Chairman of Vivendi’s supervisory board.

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