Chargeurs: The Spin Off Heard `Round The Continent

Chargeurs' breakup may inspire many imitators

To his peers in French boardrooms, Jerome Seydoux may seem a bit of a pest. With great fanfare on June 24, Seydoux split the conglomerate he has run, Chargeurs, into two new publicly traded companies in order to boost share value. One of them, Pathe, has film and TV holdings. The other, Chargeurs International, produces textiles. This big demerger--France's first, and a rarity on the Continent--is proving to be a boon to investors.

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