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Vivendi reports a strong performance for Q3 2021, with revenues of €2,476 million, reflecting a 14.1% year-over-year increase. The growth was driven by Canal+ Group (+6.5%) and Havas Group (+20.7%). The first nine months show revenues of €6,870 million, a 9.2% rise compared to the previous year. Notably, Universal Music Group's listing on Euronext Amsterdam marks a significant milestone. Vivendi is pursuing an acquisition of Lagardère shares and recently completed a share buyback program, repurchasing 39 million shares for €464 million. The Group anticipates continued growth in its diverse portfolio.
Vivendi's shares began trading on Euronext Amsterdam at €25.25 as part of its planned distribution of Universal Music Group (UMG) shares. Each Vivendi shareholder will receive one UMG share per eligible Vivendi share. The detachment date for this distribution is today, with settlement set for September 23, 2021. Vivendi will hold 10.13% of UMG post-distribution, which represents a total value of €27.41 per Vivendi share. The special dividends involved total €27.41 billion. Shareholders are advised to review the tax implications and risk factors outlined in the prospectus.
Vivendi has accepted an acquisition offer to purchase 25,305,448 shares of Lagardère held by Amber Capital for €24.10 per share. This acquisition represents 17.93% of Lagardère's share capital and will increase Vivendi's ownership to 45.1% of the share capital and 36.1% of voting rights. The transaction is set to conclude by December 15, 2022, pending regulatory approvals. Should the acquisition succeed, Vivendi will be obliged to make a mandatory public offer for the remaining Lagardère shares not yet owned.
Vivendi has announced a decision to combine a special dividend in kind of €5.3 billion with an interim dividend based on June 30, 2021, earnings. This distribution, allowing for up to 60% of Universal Music Group's (UMG) share capital to be transferred to Vivendi shareholders, is set for September 21, 2021. This move follows the approval by the Dutch Authority for the Financial Markets of the prospectus related to UMG's upcoming trading on Euronext Amsterdam.
Vivendi has announced that the Dutch Authority for the Financial Markets approved the prospectus for Universal Music Group N.V.'s (UMG) upcoming admission to trading on Euronext Amsterdam. The distribution of UMG shares is contingent upon Vivendi's Management Board's decision to pay an interim dividend in kind as of June 30, 2021. Key dates include the announcement of UMG's technical reference price on September 20, 2021, and the listing and ex-date on September 21. The final distribution ratio is expected to be one UMG share for each eligible Vivendi share.
Claire Léost has been appointed President of Prisma Media, effective September 13, 2021, succeeding Rolf Heinz. This leadership change aligns with Vivendi's strategic plan, aiming to enhance Prisma Media's position in the challenging magazine publishing industry. Léost will focus on accelerating transformation and exploring growth opportunities. With nearly two decades in media, her expertise is expected to foster joint projects within Vivendi. CEO Arnaud de Puyfontaine expressed confidence in Léost's potential to succeed and thanked Heinz for his contributions.
Vivendi has finalized the sale of an additional 2.9% of Universal Music Group (UMG) to Pershing Square for US$1.149 billion, reflecting an enterprise value of €35 billion for UMG. Following this transaction, Pershing Square now owns 10% of UMG's share capital, having previously held 7.1%. This sale is part of a broader strategy that includes plans for the upcoming distribution of 60% of UMG's share capital to Vivendi shareholders and UMG's listing on Euronext Amsterdam, scheduled for September 21, 2021.
Vivendi has engaged in discussions with Pershing Square Holdings regarding the acquisition of 10% of Universal Music Group's (UMG) share capital. Pershing Square has committed to acquiring an additional 2.9% for USD 1.149 billion, valuing UMG at €35 billion for 100% ownership. Following this transaction, which is set to close by September 9, 2021, Pershing Square will own 10% of UMG. This underscores Vivendi's strategic focus on enhancing its media and entertainment portfolio.