Vivendi Says It Is Waiting for 'Right Time' to Launch UMG Minority IPO -Le Figaro

02/19/18 04:49 AM EST

--Listing a minority stake in subsidiary Universal Music Group is not on Vivendi's agenda right now, but it is something that will happen "when the right time comes," Chief Executive Arnaud de Puyfontaine said in an interview with Le Figaro on Monday.

--Mr. de Puyfontaine said that UMG's valuation has risen to between $30 billion and $40 billion from $6 billion in just four years as the company has undergone a "remarkable transformation," Le Figaro reports.


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February 19, 2018 04:49 ET (09:49 GMT)

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