Canal Plus France Files IPO Documents With French Regulator
February 17 2011 - 1:57AM
Dow Jones News
Canal Plus France said Thursday it has filed its registration
document with the French stock market regulator AMF in a first step
toward an initial public offering of the French pay TV company.
"We are very happy to begin this IPO process for Canal+ France,
which will allow institutional and private investors to become
shareholders in the leading pay-TV company in mainland France and
to take advantage of its prospects for growth," Canal Plus CEO
Bertrand Meheut said in a statement.
The success of the IPO remains subject to market conditions and
the AMF's approval of the IPO prospectus, Canal Plus France
added.
French media conglomerate Lagardere SCA (MMB.FR) has been aiming
for the IPO of its 20% stake in Canal Plus France to take place in
the second quarter of 2011.
Vivendi SA (VIV.FR) currently owns 100% of the Canal Plus group,
which in turns holds 80% of Canal Plus France.
-By Ruth Bender, Dow Jones Newswires; +33 1 4017 1740;
ruth.bender@dowjones.com