Vivendi sets IPO date in a month of mergers

Vivendi Environnement will be listed on the Paris Bourse on 12 July and in New York later in the year.

Its shares are expected to be quoted at between €36 and €41 and the operation is likely to generate $4.2 billion of new capital for the company.

But the project was overshadowed last month by news of Vivendi’s media sector merger with Canal Plus and Seagram and the agreement to combine its electricity engineering services unit with that ...

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