The move is part of a drive to break up the media conglomerate controlled by the billionaire Vincent Bolloré to realise value from its different operations.
Vivendi said the decision to list in London reflected the increasingly international operation of Canal+, which is in the process of a $2.9bn (£2.2bn) takeover of Africa's largest pay-TV operator, Multichoice.
"With close to two-thirds of its subscribers outside of France, a film and TV series distribution network present on all continents, and growth drivers resulting from its recent developments on the African, European and Asia-Pacific markets, a London-based listing would represent an attractive solution for international investors likely to be interested in the group," Vivendi said.
Vivendi's plan will be welcomed after a series of setbacks for the London Stock Exchange in recent years.
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