Vivendi Says It Is Waiting for 'Right Time' to Launch UMG Minority IPO -Le Figaro
February 19 2018 - 5:04AM
Dow Jones News
--Listing a minority stake in subsidiary Universal Music Group
is not on Vivendi's agenda right now, but it is something that will
happen "when the right time comes," Chief Executive Arnaud de
Puyfontaine said in an interview with Le Figaro on Monday.
--Mr. de Puyfontaine said that UMG's valuation has risen to
between $30 billion and $40 billion from $6 billion in just four
years as the company has undergone a "remarkable transformation,"
Le Figaro reports.
Full story: http://bit.ly/2Gqhu27
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(END) Dow Jones Newswires
February 19, 2018 04:49 ET (09:49 GMT)
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