Vivendi plans an IPO of Universal by early 2023 at the latest
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PARIS (Reuters) - French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest. Vivendi, controlled by billionaire Vincent Bollore, said Universal yielded record profits in 2019, with earnings before interest, tax and amortisation jumping by 22% at constant currency and perimeter from a year earlier to 1.12 billion euros (£940 million or $1.21 billion). Universal's performance propelled group revenues, which..