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‘Paddington’ Firm Canal+’s Shares Down On Day One Of London Trading
DeadlineStory by Jesse Whittock
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