Teller Report

Now you can see non-English news...

Mediaset and the Berlusconi take air in the stock market before the possible break with Vivendi

2019-11-22T15:44:03.513Z

The French audiovisual group Vivendi plans to leave Mediaset, a decision that would alleviate the legal confrontation generated with Fininvest and that would allow the Berlus family



The French audiovisual group Vivendi plans to leave Mediaset, a decision that would alleviate the legal confrontation generated with Fininvest and that would allow the Berlusconi family to definitely take control of the operator.

According to sources cited by Reuters, the French group is willing to sell its shares to Mediaset, although the operation will be carried out at a lower price than the acquisition of said shares. In this way, the legal disputes that both companies maintain and that have been evidenced in the recent attempt to form a large communication holding that integrates Mediaset Spain and its Italian parent company would be terminated; both have risen this Friday on the stock market driven by this information on the separation of roads. The Spanish branch, the second that has improved the most in the Ibex this day, has reached a price that it had not registered since the beginning of October.

The shares that Vivendi would divest are in the Simon Fiduciary Trust, and would be sold, according to Reuters, at 3.25 euros per share, compared to the figure of 3.70 euros that the action cost when Vivendi acquired them in 2016. Since then, the company has increased its position to touch 28.80% (19.20% through Simon Fiduciary), a behavior that, according to Fininvest, has had a hostile character.

Mediaset and Mediaset Spain intend to form a pan-European conglomerate called MFE (MediaForEurope), which would be located in the Netherlands but would maintain its prices in Milan and Madrid. Fininvest controls 44.18% of Mediaset Italia, the parent of the Spanish operator that includes seven channels, including Telecinco and Cuatro. The second Mediaset shareholder is Vivendi, with 28.80% of the shares.

According to the criteria of The Trust Project

Know more

  • Spain
  • Madrid
  • Italy
  • Holland

Events Four detainees, one of them in Bizkaia, members of a network of graffiti artists on trains operating in Spain and Europe

Fourth rise in four years Portugal will increase the minimum wage by 6%, up to 635 euros per month

30 years without Dolores IbárruriThe secret intimate life of the Passionflower in Moscow

Source: elmuldo

You may like

Trends 24h

Business 2019-12-11T22:03:18.819Z

Latest

business 2019/12/12    

© Communities 2019 - Privacy