‘Paddington’ Firm Canal+’s Shares Down On Day One Of London Trading

Story by Jesse Whittock

Image from Deadline

scrn logline

Paddington owner Canal+ suffers 20% stock plunge on first day of London trading after split from Vivendi

beat sheet

Canal+'s CEO Maxime Saada had hoped for a strong market debut, but the new standalone entity faced investor skepticism on its first day
The spinoff is part of Vivendi's strategy to streamline operations and focus on its core Universal Music Group division, leaving Canal+ to chart its own path

call sheet

Maxime Saada, Canal+, Vivendi, Universal Music Group, Paddington