EuropaCorp preparing stock exchange exit along with financial partner
EuropaCorp, the listed French independent film studio, is understood to be preparing its exit from the Paris stock exchange, newsletter La Lettre de L’Expansion reported.
The unsourced report said that shareholder Luc Besson and Christophe Lambert have appointed HSBC to advise on the matter and would retain a majority 54% stake in the business while a financial player could acquire a 34% shareholding, which represents the current free-floating.
According to the report, discussion held between EuropaCorp and Vivendi have been put on hold.
La Lettre de l'Expansion