(Reuters) – Vivendi is considering listing its Canal+ unit on the London Stock Exchange before the end of the year, Bloomberg reported on Thursday, as the conglomerate explores the possibility of splitting into four entities.

The Vivendi group, of which Vincent Bolloré is the main shareholder, is working with advisers, including BNP Paribas SA, to evaluate the split of Canal+, sources close to the matter said, cited by Bloomberg.

On the Paris Stock Exchange, the stock jumped up to 6.4% following the news, before closing at +5.5%, reaching its highest level since June 2022.

Contacted by Reuters, Vivendi declined to comment. Canal+ was not immediately available for comment.

The French media conglomerate announced in January that it was studying the possibility of a partial split in which the Canal+ Group, Havas and the company grouping together its publishing and distribution assets would become independent entities listed on the stock exchange.

In addition, the British Financial Markets Authority presented on Thursday a simplification of the rules for listing on the London Stock Exchange in order to promote the attractiveness of the country in the face of competition from Wall Street and the European Union after Brexit.

(Written by Alban Kacher, with Piotr Lipinski, edited by Kate Entringer)

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