On June 22, 2021, Vivendi SE announced that its shareholders voted in favour of the Company's plans for the distribution of a 60% stake in Universal Music Group, and the unit's subsequent listing on Euronext Amsterdam in late September. The Company stated that a record 99.9% of the vote was given in favour of the Company's stated plans to distribute shares in Universal Music Group to its shareholders. The Company also stated that a contested decision by its board to launch a public share buyback offer for 50% of the Company's share capital was passed with the required two-thirds majority. The Company stated that Bluebell Capital had been vocally opposed to the share repurchase, noting a potential risk for the controlling shareholder Bollore Group to effectively gain greater control of the Company without following standard takeover rules for a transaction.