Canal+ Group CFO Amandine Ferré Reveals Ins and Outs of Pay TV Giant's London Stock Exchange Debut: ‘It Opens Up Opportunities That We Didn't Have Before' (EXCLUSIVE) [Yahoo! Finance]
VIVENDI SE UNSP/ADR (VIVHY)
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Source: Yahoo! Finance
Making its debut solo on the London stock exchange on Monday, Canal+ enlisted a homegrown executive, Amandine Ferré — who has been at the company for 15 years and was most recently based in China — to “cut the cord” and engineer the IPO. Canal+ shares opened this morning at 290p and dropped by about 20% after noon local time, giving the banner an estimated valuation of £2.4 billion. Ferré, who is chief financial officer and a member of Canal+'s management board, tells Variety that the fluctuations were anticipated. “We know that in the first few weeks, our share price is going to be a little volatile,” she says. But the exec is forecasting Canal+'s shares will bounce back in January. More from Variety Canal+ Group, Owner of 'Paddington' Producer Studiocanal, to Enter London Stock Exchange After Vivendi Shareholders Approve Spinoff 'Paddington in Peru' Earns Biggest U.K. Opening for British Film Since 'No Time to Die' 'Megalopolis' Acquired by Studiocanal for European TV and
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