In the face of strong increases in the share of the musical group UNIVERSAL MUSIC GROUP, strong drops have put the shares of the company that offered the share, Vivendi, under pressure.
UMG stock posted strong gains of 40% The start of trading on the first day of its listing on the EURONEXT Amsterdam stock exchangeThe largest offering of its kind in the world today.
The technical reference price per share of the offer has been fixed in 18.5 euros, enhancing the company in 33.5 billion euros.
VIVENDI offered a 60% share in UMG to existing shareholders in SELL and retained a 10% stake, knowing he was the largest shareholder in the company prior to the offering with a 70% stake.
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