Advanced Television

Vivendi staffers love…Vivendi

July 18, 2012

By Chris Forrester

Vivendi staffers, including those working for Canal Plus, are seriously backing their employer with their wallets. Around 10,000 staff have participated in Vivendi’s capital increase, and spending €126.9 million in a share-buying spree.

Vivendi’s employees bought 12.3 million new shares, and now own 3.4 per cent of the business and are the fourth-largest shareholder group on the company’s books.

The backing is seen as showing strong support for the conglomerate especially following on from the shock departure last month by CEO Jean-Bernard Levy following strategic differences at board level.

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