TV
Milan , February 25, 2015 – 13:38
No word yet if the operation is successful, but the hypothesis of a merger between EiTowers (Mediaset) and RaiWay – the company that owns and operates the network of radio and television broadcasting in Italy – has collected first acclaim Analyst, with titles in the running at the Milan Stock (+ 7.06% EiTowers Rai Way and + 14.7%) and a rain of Thumbs on the possible agreement. But the possible public purchase offer (opa) worth 1.2 billion euro stirs politics, which he rails against what is already being called the “covenant of the Nazarene television.” “A public resource put on the market is about to be swallowed up by the Mediaset group,” denounce the deputies M5S of the Committee on Transport, Posts and Telecommunications of the House, calling for decisive action by the Antitrust Authority. “The sell-off of assets Rai m ade with hasty listing of Rai Way, strongly denounced by M5S in recent months, now leads to a predictable result: the main competitor Ei Towers owned by the Mediaset group has launched a takeover bid for the ‘acquisition of control of the public company “, say MPs.
” offer little understandable “
” The selection of Mediaset appears difficult to understand, the Government was clear on Rai Way: the IPO have been placed at the disposal of shares not exceeding 49%, the control tower of the public service remains firmly in public hands, “reveals, however, Michele Anzaldi , Democratic Party MP, Secretary of the Supervisory Rai. Who sent a letter to President Antitrust John Pitruzzella has sent a letter to ask if it is “profitable initiate an assessment of the matter” and, in detail, “if Ei Towers proceeded with the request Antitrust prior opinion as required by law. But it says: “The decree for the privatization of Rai Rai Way binds to keep a stake in the social capital of Rai Way is not less than 51 percent. Rai, however, has put on the market only 34.9% of the capital of Rai Way, maintaining a share of two-thirds that fully guarantee public control of the company. ” Anz aldi therefore noted that “it is hard to understand the move by Mediaset, who would like to acquire the 66.67% of Rai Way to remove it from the list although the stock today is not possible.” According to the parliamentary democratic “as well as the story you are portraying in these hours, you may only create confusion, or worse, to avoid the risk of some offense.”
” Premonition “in May
On Facebook, the chairman of the Supervisory Rai, Robert Fico remember that back in May, in a TV show, had denounced the possibility of an agreement between Berlusconi and Renzi on the sale of Rai Way, taking the “buffoon” by former Knight. Irony entrusted to Twitter by Pier Luigi Bersani , commenting that the two important cultural and financial items in the country writes: “Before Mondadori- # # RCS, then # # Mediaset- Raiway now expect the #Milan buy l ‘# Inter. ” ‘s UsigRai , the union of television journalists, ask the Authority for competition and the market to open an investigation. “This case confirms that there is a great urgency: regular definitely conflicts of interest,” adds the union. Asking “chairezza” to the government and to the Authority to open a file urgently.
Toti: ‘Enterprise Italian undersized “
Favorable comments Giovanni Toti , political advisor of Forza Italy,” Do not go into the merits of the industrial perspective of the operation, I do not know the words, but I welcome any initiative in the areas of aggregation telecoms, television and publishing; competition is global, we have to deal with giants Anglo-American and Asian and Italian companies suffering from dwarfism capitalist. ” E Maurizio Gasparri (PDL, author of the law that bears his name and that gave birth to the Code Act on Broadcasting, ed ): “At the time I was opposed to the sale Rai Way. Then the left put the Rai in need ‘to raise money. At this point, the feedback can not be more ‘policies, but market. “
sign conflict of interest
“The offer for Mediaset Rai Way is the sign of a conflict of interest that in Italy you’re never off, rather, that perhaps in the last years has strengthened. Public and private, especially in information, should be strictly separated, “says the president of the Catholic viewers AIART, Luca Borgomeo , in a statement. “Yeah, it’s crazy to think of selling the towers, let alone if they can then go into the hands of the main competitor of the public service” for whom “our system is still immature because spoiled by little competition.
The opa
Ei Towers , a subsidiary of Mediaset that controls the transmission network of Alfa, yesterday launched a takeover bid and voluntary exchange for 100% of the capital of Rai Way to 4.50 euro per share. The offer, which includes a cash component and shares, values the company of transmission towers Rai 1.22 billion Euros, about 4.5 euro per share. The Board of Directors of the television group has given the green light, “to build an aggregation of national ‘infrastructure television broadcasting’. Mediaset will vote in favor of a proposal for a capital increase in ‘assembly Ei Towers scheduled March 27.
Control
controls Rai Rai Way with a 65% stake. The selection of Ei Towers is subject to the achievement of 66.67% of Rai Way, the green light of the Antitrust and unconditional authorization to Rai, from the Ministry of Economic Development, “to continue carrying out its activities related the public service using the issuer even after acquiring control of the company by Ei Towers, “says a note
“Minimum height”
Last year the government set a 51% minimum quota that Rai must maintain in the capital of Rai Way, object Today bid totalitarian. This is shown by the decree of the Council Presidency (DPCM) which regulated the landing on the Stock Exchange of Rai Way. Decree 66 of 2014 authorized the Rai to “proceed with the sale on the market, in a transparent and non-discriminatory, of shares of Rai Way, ensuring the continuity of the service provided.” The Cabinet Decree, in the foregoing the articulated, recognizes “the need to maintain, to the State, held by Rai, to guarantee the continuity of the service provided by Rai Way Rai same, a stake in the social capital of Rai Way not less than 51%. Article 1 states that “the premise is an integral and substantial part of this decree.”
February 25, 2015 | 13:38
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