Vivendi weighs up spin-off of its publishing division Editis

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PARIS (Reuters) – French media giant Vivendi (OTC:VIVHY) is weighing up the spin-off of its publishing unit Editis through a stock listing as it seeks to take over Lagardere, the group said on Thursday.

Under the plan, Vivendi’s top investor, Vincent Bollore, would sell all the Editis shares he would receive after the transaction, which would consist in a simultaneous distribution of Editis shares to Vivendi’s shareholders and its stock listing on Euronext Paris stock exchange, it said.