Fairness Rocks News As Vivendi shareholders back UMG spin-out, Sir Lucian Grainge says: ‘We’ve only just begun.’


Fairness Rocks News As Vivendi shareholders back UMG spin-out, Sir Lucian Grainge says: ‘We’ve only just begun.’

Home Industry News As Vivendi shareholders back UMG spin-out, Sir Lucian Grainge says: ‘We’ve only just begun.’

Author: Murray Stassen

Date: June 23, 2021

Original Source: Music Business Worldwide

Industry News

As Vivendi shareholders back UMG spin-out, Sir Lucian Grainge says: ‘We’ve only just begun.’

Universal Music Group (UMG) parent company Vivendi has secured overwhelming support from its shareholders for its proposed public listing of UMG later this year.

Yesterday (June 22), at Vivendi’s Annual General Shareholders’ Meeting, the Paris-based company’s shareholders voted 99.9% in favor of the plan, which will see 60% of UMG shares floated on the Euronext Amsterdam in September .

Read More: https://www.musicbusinessworldwide.com/as-vivendi-shareholders-back-umg-spin-out-sir-lucian-grainge-says-weve-only-just-begun/