Vivendi Completes Its Transaction With Lagardère
21 Novembro 2023 - 6:28AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) is pleased to announce the closing of its
transaction with the Lagardère group. This operation gives it a
whole new dimension by strengthening its position as a major player
in the fields of culture, media and entertainment, and by becoming
a global leader in publishing, travel retail and experiences.
It also allows the Lagardère group to benefit from the support
of a stable and long-term shareholder base to be accompanied in its
development projects.
This transaction took effect following the closing of the two
sales Vivendi had committed to with the European Commission, i.e.
the sale of 100% of the share capital of Editis to International
Media Invest (IMI), which occurred on November 14, 2023, and the
sale of the Gala magazine (which was owned by Prisma Media) to
Groupe Figaro, which was completed today.
Lagardère is a worldwide group that fits perfectly into
Vivendi’s internationalization strategy. It is present in more than
40 countries and 75% of its revenues are generated outside of
France. It has a rich history, well-known brands and values in
common with Vivendi, with which it shares a passion for innovation
and creation in all its forms.
Lagardère has two main businesses. Lagardère Publishing is the
world’s third-largest book publisher for the general public and
educational markets, and the number one in France and number two in
Great Britain. Lagardère Travel Retail is a leading global travel
retailer, number one worldwide in the travel essentials segment and
number two in airports. The Lagardère group also includes press
activities with Lagardère News and its iconic brands, as well as
Lagardère Live Entertainment.
With this transaction, Vivendi becomes significantly larger,
with 2022 pro forma combined revenues of more than €16.5 billion.
The combined workforce of all the Group’s companies totals
approximately 66,000 employees spanning across all continents1.
Yannick Bolloré, Chairman of Vivendi’s Supervisory Board,
and Arnaud de Puyfontaine, Chief Executive Officer, said:
“We are extremely proud to welcome Lagardère into our group. Their
remarkable performances attest to the excellence and commitment of
all the teams led by Arnaud Lagardère.
This transaction is an opportunity for both our two groups. The
alliance of our expertise is a new step in our strategic ambition
for transformation, internationalization and integration,
propelling us into the future. Our activities, both in terms of
product portfolio and geographical presence, are perfectly
complementary.
As we do for all our businesses, while preserving its integrity,
we will support Lagardère in its development and the transformation
of its businesses. Together, we will strengthen our international
presence in the fields of creation, content and distribution.
We are delighted to start a fruitful collaboration, bringing all
our activities to new heights.”
Vivendi currently holds approximately 60% of Lagardère’s share
capital and can now fully exercise slightly over 50% of its voting
rights.
About Vivendi
Since 2014, Vivendi has been building a world-class content,
media and communications group. Canal+ Group is a major player in
the creation and distribution of cinema and audiovisual content on
all continents. Havas is one of the largest global communications
groups with a presence in more than 100 countries. With Lagardère,
Vivendi is the world’s third-largest book publisher for the general
public and educational markets, and a leading global player in
travel retail. Vivendi is also active in the magazine business
(Prisma Media), video games (Gameloft) and live entertainment and
ticketing (Vivendi Village). It also owns a global digital content
distribution platform (Dailymotion) and a subsidiary dedicated to
providing very high-speed Internet access in Africa (GVA).
Vivendi’s various activities work closely together as an integrated
group committed to transforming its businesses to meet the
expectations of the public and anticipate constant changes. As a
committed group, Vivendi contributes to building more open,
inclusive, and responsible societies by supporting diverse and
inventive creative works, promoting broader access to culture,
education, and its industries, and increasing awareness of 21st
century challenges and opportunities.
1 Based on the Vivendi and Lagardère figures for
2022.
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