Overview

• The contemplated transaction would give Canal+ a 34% minority stake in UGC under an exclusivity framework announced by the company.
• Shareholder arrangements under discussion could allow Canal+ to take control from 2028, with no definitive sale or transfer agreed yet.
• Any signing of the agreements remains subject to the information and consultation of the concerned employee representative bodies.
• Canal+ positions the plan as a way to accelerate StudioCanal’s growth by combining its production and distribution operations with UGC’s exhibition network.
• UGC is one of France’s largest cinema operators with about fifty sites, while Canal+ is controlled by Vincent Bolloré and previously collaborated with UGC in 2021 on a joint ‘illimitée’ offer for young customers.