Media conglomerate Vivendi SE (ENXTPA:VIV)?s Canal+ is exploring a potential listing on the London Stock Exchange, according to people familiar with the matter. The French company, controlled by billionaire Vincent Bolloré, is working with advisers including BNP Paribas SA to work on the spinoff of the broadcaster, the people said. A listing could take place as soon as the end of this year, the people said, asking not to be identified discussing confidential information.

The spinoff comes as Vivendi is looking to speed up its long-awaited breakup plan which has been in the works since last year, the people said.