French broadcaster Canal+ shares fall 22% in London listing after spinoff from Vivendi
Publishing timestamp: 2024-12-16 11:49:42
Summary
Shares in French broadcaster Canal+ fell 22% after their London stock market debut. Media holding company Vivendi's shareholders agreed to spin off Canal+ and other assets. Canal+ plans to expand its presence as a sports broadcaster to compete with U.S. players. The London listing was seen as a boost to the U.K.'s capital markets. Other potential U.K. listings, including Shein, are being closely watched by investors.
Sentiment: MIXED
Keywords: paris, media, business news, entertainment, vivendi se, breaking news: business, london,
Source: https://www.cnbc.com/2024/12/16/production-company-canal-shares-fall-in-london-listing.html