- Media.Mediaset Spain and its parent company in Italy merge to create a holding company in the Netherlands
- Ibex. Mediaset shares plummets after the merger with the Italian parent company is known
A Milan court has recognized Vivendi's right to attend and vote at the extraordinary shareholders meeting of Mediaset in which the restructuring plans proposed by the Italian media company will be addressed, in which it holds a 29% stake , according to The company has reported this Saturday.
Vivendi, which has voting rights for a value of 9.99%, after taking into account the transfer of its remaining shares to the Simon Fiduciarien trust, filed the appeal last Monday, following the decision of the Mediaset Board of Directors to refuse to allow the French conglomerate to vote at the Mediaset shareholders meeting scheduled for this Wednesday, September 4.
"During the meeting, Vivendi intends to vote against the proposed merger of Mediaset in Media for Europe NV (MFE). This is because the Group has assessed the rights, or lack thereof, that minority shareholders , and particularly Vivendi, they would have under the proposal of MFE Statutes, "Vivendi said in a statement.
For its part, Mediaset also filed a complaint the week before the Italian market regulator accusing Vivendi of leaking information in order to ruin his corporate restructuring plans.
Last June, Mediaset and Mediaset España reached an agreement to merge and create a new parent company based in the Netherlands and denominated MFE - Media For Europe, to follow a pan-European growth strategy.
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