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General

Universal Music makes stock market debut, Vivendi keeps 10% stake

Tuesday 21 September 2021 | 15:46 CET | News
Universal Music Group (UMG) saw its shares increase significantly on its first day as a listed company on the Euronext Amsterdam stock exchange. The company was spun off by media group Vivendi, which distributed 59.9 percent of UMG share capital to shareholders. Following this transaction, Vivendi now holds a 10.1 percent stake in UMG, after reducing its holding earlier this year in deals with China's Tencent and US hedge fund manager Bill Ackman.

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Categories: General
Companies: Universal Music / Vivendi
Countries: World
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