5 days ago
Selwood Asset Management says Louis Hachette should change market listing
PARIS, Aug 11 (Reuters) - Investment company Selwood Asset Management said on Monday that French media company Louis Hachette Group ( opens new tab should seek a new stock market listing to boost its growth, and urged Canal Plus (CAN.L), opens new tab 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.
