PARIS (Reuters) -Investment company Selwood Asset Management said on Monday that French media company Louis Hachette Group should seek a new stock market listing to boost its growth, and urged Canal
Selwood Asset Management Advocates for New Listing for Louis Hachette
PARIS (Reuters) -Investment company Selwood Asset Management said on Monday that French media company Louis Hachette Group should seek a new stock market listing to boost its growth, and urged Canal Plus to also do more to get value for investors.
Selwood Asset Management owns about 1.5% of LHG's share capital and around 0.5% of TV and media company Canal Plus.
"Upgrading LHG's listing from Euronext Growth to a higher market segment would not only enhance visibility but could also, by our estimates, generate close to 30 million shares of passive demand, further supporting valuation re-rating," Karim Moussalem, Selwood's chief investment officer, said.
(Reporting by Sudip Kar-Gupta; editing by Barbara Lewis)
