Bolloré 181 0 Kommentare Financial information for Q1 2024 - Seite 2

(in millions of euros)	2024 ⁽¹⁾	2023	Reported	Organic
		Restated ⁽¹⁾	growth	growth
Bolloré Energy	655	712	(8%)	(11%)
Communications (Vivendi)	4,274	2,290	87%	5%
Industry	75	74	1%	1%
Other (Agricultural Assets, Holdings)	20	15	36%	20%
Total	5,024	3,091	63%	3%

Recent highlights and events:

Sale of Bolloré Logistics to CMA CGM
- On February 29, 2024, the Bolloré Group and the CMA CGM Group announced the completion of the sale of 100% of Bolloré Logistics to CMA CGM.
- The purchase price for the shares is 4.850 billion euros, on the basis of the estimated debt and cash on the completion date.
- The estimated consolidated net capital gain, in the 2024 results, is expected to be around 3.7 billion euros.

Acquisition of a stake in Rubis
- On March 20, 2024, Plantations des Terres Rouges, a subsidiary of the Bolloré Group, exceeded the threshold of 5% of the capital and voting rights in Rubis. This is a financial investment.

Update on the feasibility study regarding the proposed Vivendi split project
- Background information: since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby limiting its ability to carry out external growth transactions for its subsidiaries. However, companies like Canal+ Group, Havas and Lagardère are currently experiencing strong growth in an international context marked by numerous investment opportunities. In order to fully unleash the development potential of all its activities, the Management Board of Vivendi proposed to the Supervisory Board on December 13, 2023, the possibility to explore the feasibility of a project to split the company into several entities, each of which would be listed on the stock market.
- Since that date, the study of the feasibility of the split project has been ongoing. A hypothesis currently being examined is a partial split of Vivendi, where Canal+ Group, Havas, and the company grouping the assets in publishing and distribution would become independent entities listed on the stock market. Once separated from these three entities, Vivendi would remain as is, publicly listed while maintaining its role of supporting the transformation and expansion of its subsidiaries and continuing to actively manage its investments.
- If the Supervisory Board authorizes the split project to proceed in this way, it must first be subjected, in due time, to consultation with the employee representative bodies of the entities concerned. At the end of this consultation process, it may be necessary to seek a number of regulatory authorizations, approvals from bondholders and other Group lenders, and then a vote at an Extraordinary General Shareholders’ Meeting which could be convened at the date of the Annual General Shareholders’ Meeting scheduled for April 2025.