Lorella Gessa’s Post

Yannick Bolloré, Chairman and Chief Executive Officer of Havas Group, and Chairman of the Supervisory Board of Vivendi, provided some details on the spin-off project at Havas' Capital Markets Day in London today:   Vivendi’s business results have been fantastic. The spin-off project is the best answer to offset the conglomerate discount and create value for all shareholders. The Bolloré Group never launched a takeover on Vivendi and they even sold some shares to remain below the legal takeover bid threshold. The spin-off project is therefore the only solution going forward. The spin-off will unlock potential for all the businesses and enable them to concentrate on external growth strategies, increase international visibility, and incentivize leadership with shares. On Canal+’s planned listing in London: Almost all the company’s stakeholders are English-speaking. London is a major marketplace which would also offer a fast-track for a potential dual listing in Joburg. The Bolloré Group has exactly the same rights as any other shareholder or investor in London. On Louis Hachette Group being listed on Euronext Growth (Paris): An obvious choice given that Lagardère is already listed on Euronext Paris. Euronext Growth has less constraints compared to Euronext Paris while offering the same level of regulation and control for shareholders. On Havas’ planned listing in Amsterdam: The objective is to maximize the value of Havas whose two main assets are its talent and its relationships with existing and future clients who expressed some anxiety on the company being the target of a hostile takeover. Amsterdam offers the possibility to create a foundation which would protect the company – any takeover would need to be friendly and approved by the Board. There will be no double voting rights until shares have been owned for two years after the listing. In terms of governance, the future Chairman, who will not be independent, has an excellent knowledge of the industry and exceptional client relations (Arnaud de Puyfontaine). There will be a lead independent director (Fabien Pierlot) to ensure a fully independent counter-voice to the Chair. The dialogue will continue with all our stakeholders. Being transparent in what we do can only increase value all round. The different companies to be split have a bright future. https://lnkd.in/eiie7z7Y

🔊 When Bolloré decides to 𝐫𝐢𝐬𝐤 𝐢𝐭 𝐚𝐥𝐥 with Havas Group 🔊 On Tuesday, Havas Group, one of the world's largest global communications groups owned by Bolloré, presented to investors its plan to pursue its significant M&A strategy. As part of a three-way breakup of Vivendi, its parent's company, Havas is preparing for its 𝐬𝐭𝐨𝐜𝐤 𝐦𝐚𝐫𝐤𝐞𝐭 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 in Amsterdam, set for a shareholder vote on December 9th. Let's dig it deeper with the Financial Times... 🔵 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 (𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝟑𝟎 𝐬𝐞𝐜𝐨𝐧𝐝𝐬) - Vivendi is planning to list 3 subsidiaries: Havas in Amsterdam, Canal + in London, Louis Hachette publishing division in Euronext 🏦 - Havas is present in more than 100 countries, with more than 23.000 employees and a revenue of almost €3bn 🏆 - It is currently valued at €𝟑.𝟒𝐛𝐧, a drop from €4bn when it was publicly traded in 2017 🤑 - By leveraging its Amsterdam listing as a strategic tool, Havas will look for significant M&A opportunities to strengthen its competitive position ⚡ - This demerger of Havas from Vivendi is seen as vital for Havas's future strategy 📈 - It is intended to generate more shareholder value by freeing these entites from this conglomerate ⛓️ - It reflects a growing trend among companies to seek alternative listings to raise capital 💡 🔴 𝐊𝐞𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝟏-𝟐 𝐦𝐢𝐧𝐮𝐭𝐞𝐬) 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲: Havas' stock market listing in Amsterdam aims to create a distinct entity to strenghten international visibility and align leadership's interests with investors, generating more value 🤝 𝐋𝐢𝐬𝐭𝐢𝐧𝐠'𝐬 𝐚𝐬𝐬𝐞𝐭𝐬: while providing Havas with access to capital market and M&A (purchase or merger of 2 entities to create a single one) to enhance its market position, this listing is an opportunity for growth 📊 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: while focusing on creativity, and technological investments, with data neutrality, Havas hopes to generate interest among investors 🚀 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐟𝐫𝐨𝐦 𝐭𝐚𝐤𝐞𝐨𝐯𝐞𝐫𝐬: Vivendi is using a Dutch corporate "stichting" mechanism, a legal entity that does not aim at making profit to prevent unwanted approaches, providing stability and operational integrity ⚖️ 𝐕𝐢𝐯𝐞𝐧𝐝𝐢'𝐬 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲: it will possess an investment portfolio of €6.5bn post-demerger. This split will allow Vivendi to create value from its different assets, and to focus on taking new stakes 💪 𝐁𝐨𝐥𝐥𝐨𝐫𝐞́'𝐬 𝐠𝐨𝐯𝐞𝐫𝐧𝐚𝐧𝐜𝐞: the demerger raises concerns about the possibility that the Bolloré's family, who already owns 30% of Havas, will increasingly control the newly listed entities 🤔 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐞𝐧𝐯𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭: Unlike Publicis, which has expanded through acquisitions, Havas intends to remain agile, highlighting different growth strategies ⚔ 🟣 See you soon: Tuesday 26th November #FTNews #Finance #Havas #Vivendi #Bolloré #FT #Demerger

#novumcapitalpartners National Champions vs. National Victims. There is always logic in market dynamics, as seen in the price action in the French market following the European elections and the political crisis. Compared to the CAC 40's loss of -4.4% over the past 10 days, the two national luxury brands experienced losses in line with the index. In contrast, losses are doubled across "national victims," i.e., companies with operations in the domestic market and in highly regulated sectors such as finance, construction, and telecommunications. This explains the underperformance of Orange, Vinci, BNP, Soc Gen, and Bouygues. Chart Crédits: Bloomberg Crédits: Vittorio Treichler - Partner and Market Strategist at NOVUM CAPITAL PARTNERS SA

Despite a challenging year across global M&A markets, investment in sports continued to ride high in 2023. In 2024, Deloitte's Sports Business Group predicts that significant levels of investment in sports are likely to continue. 🌎 Which sports are expected to capitalize on global investor interest? 🔎 How will investors look to generate new returns? 🌱 How might new investment impact the future of the industry? Swipe below for the key headlines of Deloitte's 2024 Sports Investment Outlook and download the report to read the full analysis here: https://lnkd.in/g4KhmbWt #DeloitteinSports #SportsBusiness

Senior partner Mieke Van Oostende highlights the critical trends shaping M&A in 2024. 1. Deal rationales are shifting. Deals are increasingly focused on sustainability and climate concerns and are aimed at acquiring specific capabilities. 2. Deal structures are changing to achieve consolidation in sectors with overcapacity or pressure on financial returns. These increasingly include JVs, alliances, and other partnerships to help companies share risk and explore new terrain. These trends underscore a dynamic M&A landscape, where strategic adaptability and innovative thinking are key. https://mck.co/4bMWvGj #McKMandA

[📊 𝗟𝘂𝘅𝗖𝗠𝗔 𝟮𝟬𝟮𝟰 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆 – 𝗪𝗲 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗵𝗲𝗮𝗿 𝗳𝗿𝗼𝗺 𝘆𝗼𝘂!] Calling all our #LuxCMACommunity and beyond! Are you ready to impact the future of the Luxembourg's capital markets industry? 🇱🇺 We are thrilled to announce the launch of our 2024 Industry Survey and we're counting on YOUR valuable input! Whether you are already a LuxCMA member or not, your voice is invaluable as we seek to better understand the expectations and needs of our members and industry professionals. Our survey is designed to capture the pulse of the Luxembourg capital markets ecosystem, ensuring that LuxCMA's offerings remain relevant, agile and impactful. By understanding your preferences and interests, we can tailor our future publications, events and initiatives to the real aspirations of the market. 🎯 Your participation isn't just appreciated, it's truly essential! Just take 5 minutes to complete the survey, then another 30 seconds to spread the word and share it to your network. 🔄 Thank you for your support! Click the link below to dive in 👇 https://lnkd.in/dyA_SE-X 𝙔𝙤𝙪𝙧 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙚𝙨 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙠𝙚𝙥𝙩 𝙘𝙤𝙣𝙛𝙞𝙙𝙚𝙣𝙩𝙞𝙖𝙡 𝙖𝙣𝙙 𝙪𝙨𝙚𝙙 𝙛𝙤𝙧 𝙞𝙣𝙩𝙚𝙧𝙣𝙖𝙡 𝙗𝙧𝙖𝙞𝙣𝙨𝙩𝙤𝙧𝙢𝙞𝙣𝙜 𝙥𝙪𝙧𝙥𝙤𝙨𝙚𝙨 𝙤𝙣𝙡𝙮. #LuxCMA #IndustrySurvey #FinancialIndustry #capitalmarkets #luxembourg

📣 Short List of the strongest brands United Kingdom   Europe's largest scientific real estate brand value study has been completed.   +1.500 brands - 21 sub-sectors - 45 European markets   ➡ Results display a significant various picture   ❗More than 94% of the analyzed brands register substantial losses in brand potential!   ❗Challenges of the EU taxonomy and influences of the capital markets impacting the resilience   ❗The Transformation ability for several business concepts is affected.   📣 The brands on the TOP 3 Short List maintain their leading position in their sub-sector and represent.   ✅ Trustwothiness ✅ Resilience ✅ Loyalty ✅ Innovation ✅ E-S-G Competence ✅ Social Responsibility   https://lnkd.in/eQDQCA7t   #shortlist #strongestbrands2024 #investors #investoren #unitedkingdom #rebvs24 #rebaward24 #nominated #trustworthiness #resilience #loyalty #innovation #esg #socialresponsibility Blackstone Brookfield Asset Management M&G Investments James Seppala @ Eva Martin Caitlin Warfield EUROPEAN REAL ESTATE BRAND INSTITUTE

Dentsu's latest forecast predicts a 5.9% growth in global ad spend for 2025, driven by digital expansion, AI-powered strategies, and changing consumer behaviors. Here are the key highlights: 1. Global ad-spend to reach $772.4 billion in 2024, growing 5.9% in 2025. 2. Algorithmically enabled ad-spend projected at 59.5% in 2024, rising to 79% by 2027. 3. The AM region to grow by ~6%, APAC by ~6%, EMEA by ~5%. 4. Digital ad-spend to rise by 9.2% - led by retail media (+21.9%), paid social (+8.7%), and paid search (+6.7%). 5. Programmatic ad-spend to grow by ~11% which is over 70% of digital ad spend. 6. Print is expected to decline but Connected TV shall grow by ~18%, cinema and OOH to rise between 3 and 4%. 7. Among the Sectors, Finance shall grow by 6.4%, pharma by 5.8%, and travel by 5.5%. Read on for details!

In late October, French media giant Vivendi announced its plans to spin off its premium broadcasting arm Canal+ on the London Stock Exchange, according to the IPO prospectus. The decision by the French company to float in London will be seen as a significant boost to the London stock exchange, which in the last few years has struggled, with many homegrown U.K. companies eschewing the domestic exchange for rival financial centres such as New York and Germany. The transaction is part of a wider reorganisation of Vivendi, which has a yearly revenue of €10.5 billion, that will see the demerger of several of its business lines, including its communications offering, Havas, on the Amsterdam exchange. White & Case is advising the sponsors and financial advisors, Barclays and BNP Paribas, on the transaction with Paris-based partner Thomas Le Vert and London-based partner Jonathan Parry leading. Meanwhile Elite Dutch firm Loyens & Loeff is advising Vivendi and Havas on the float, with partner Michel van Agt leading. Full story from Habiba Cullen-Jafar: https://lnkd.in/eybEzH-8

Since late 2023, many remarkable large caps in the U.S. have initiated or reinstated #dividends. While this #capital allocation decision has been primarily made by TMT companies, other sectors could follow suit. With a #quantamental and qualitative analysis, we address this topic for non-TMT S&P 500 constituents and provide dividend initiation scenarios.