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Canal+ listing is major boost for UK markets, says Reeves
The Guardian
|December 16, 2024
Canal+, the international pay-TV company and owner of the studio behind the Paddington film franchise, is to make its multibillion-pound stock market debut in London today, providing a much-needed shot in the arm for the capital's stock exchange.
The flotation, which the chancellor, Rachel Reeves, has said is a "vote of confidence" in the UK's capital markets, is expected to be the largest new listing in London in two years, with some projecting its market value will climb to about €6bn (£5bn).
The company is being spun out by the French media conglomerate Vivendi, which has been breaking itself up into smaller companies in search of higher valuations for its constituent parts.
The advertising group Havas, the publishing company Louis Hachette and Canal+ will all begin trading shares in stock markets in Amsterdam, Paris and London today.
यह कहानी The Guardian के December 16, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
The Guardian से और कहानियाँ
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