White & Case advises sponsors and financial advisers on direct listing of CANAL+ on London Stock Exchange

Global law firm White & Case LLP has advised Barclays and BNP Paribas as Joint Sponsors and Lead Financial Advisers on the direct listing of CANAL+ on the London Stock Exchange.

The transaction is part of the reorganisation of the Vivendi Group and the demerger of its various business lines, including the CANAL+ Group, as announced on October 15, 2024. The listing prospectus was approved by the Financial Conduct Authority on October 30, 2024 and the shares are expected to be admitted to trading on December 16, 2024. Completion of the demerger is subject to the approval of Vivendi SE's shareholders at a general meeting to be held on December 9, 2024.

CANAL+ is a global media and entertainment company, with a presence in 195 countries and approximately 9,000 employees worldwide. The group is one of the largest media companies in Europe, in terms of both revenues and subscribers, and is the leader in French-speaking Sub-Saharan Africa. As of December 31, 2023 the group had 26.8 million subscribers worldwide.

The White & Case team which advised on the transaction was led by partners Thomas Le Vert (Paris) and Jonathan Parry (London) and included partners Max Turner and Alexandre Ippolito (both Paris) and associates George Davie (London), Boris Kreiss, Sébastien Caciano, Romain Bruno and Claire Sardet (all Paris).

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