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Enterprise

Paddington film producer Canal+ confirms London IPO date in major break up from Vivendi

The media giant would separate from the Paris-based conglomerate and is expected to float in London on 16 December, according to a newly-published prospectus.

Paddington Bear (Image: FREE TO USE )

French media titan Canal+ has scheduled its anticipated listing on the London Stock Exchange, potentially marking the city's largest IPO of the year.

The company is set to separate from Paris-based conglomerate Vivendi and is projected to list in London on 16 December, as revealed in a recently released prospectus, as reported by .

The split is contingent on a vote among Vivendi's shareholders on 9 December and will coincide with the detachment of advertising firm Havas and the newly rebranded publishing business Louis Hachette from the group.

The 海角视频's Financial Conduct Authority approved the nearly 500-page prospectus for Canal+'s division and IPO on Wednesday.

Havas plans to list on the Euronext in Amsterdam, while Louis Hachette aims to float in Paris where Vivendi will also continue to be listed.

Canal+ intends to trade in London under the ticker CAN. Last week, reports suggested that the company was aiming for a valuation of up to €8bn (£6.7bn) in its public debut, though it declined to comment.

Such a valuation could place Canal+ in the FTSE 100 and establish it as the most significant London listing this year. It would represent the market's largest deal since GSK and Pfizer spun off healthcare behemoth Haleon in 2022.

London has only seen 10 IPOs this year, with Raspberry Pi and Applied Nutrition being the most notable, valued at a modest £542m and £350m respectively.