UMG’s spin-off and the sale of an additionnal 10% stake in UMG are progressing but Vivendi’s stock has not moved for a month and is quite stuck at just under c.€30. One may remain cautious indeed that once the distribution of 60% of UMG to Vivendi’s shareholders is done, many investors that had bought Vivendi to have a stake in the future listed UMG will probably sell Vivendi’s stock and this will weigh on it.
04 Jun 2021
UMG's high valuation is offset by fears about Vivendi's stock post spin-off
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UMG's high valuation is offset by fears about Vivendi's stock post spin-off
- Published:
04 Jun 2021 -
Author:
Jean-Michel Salvador -
Pages:
2
UMG’s spin-off and the sale of an additionnal 10% stake in UMG are progressing but Vivendi’s stock has not moved for a month and is quite stuck at just under c.€30. One may remain cautious indeed that once the distribution of 60% of UMG to Vivendi’s shareholders is done, many investors that had bought Vivendi to have a stake in the future listed UMG will probably sell Vivendi’s stock and this will weigh on it.