Wednesday, October 12, 2016

Mediaset asks for the seizure of 3.5% of Vivendi for the case of Premium, the hearing 8th November – Sun 24 Hours

Mediaset has filed at the Court of Milan a request for an injunction against Vivendi for the case a Premium by asking for the seizure of 3.5% of the capital of the French group held as treasury shares. And confirm sources close to the group of Cologno Monzese. The hearing to discuss the appeal has been fixed for the 8th of November in front of judge Vincent Perozziello that you will have to also pronounce on the civil case brought by Mediaset and Fininvest against Vivendi to demand the respect of the contract for the sale of Premium signed last April.



the Premium, the board of directors of Mediaset does not close to Vivendi

The 3.5% of Vivendi, is the object of the request for an injunction of Mediaset, it is one of the assets included in the agreement last April between Cologno Monzese and the group chaired by Vincent Bollorè. The binding agreement in fact provided for the exchange of the 3.5% of Vivendi 3.5% of Mediaset and the passing of Premium to the group of the match. The stock exchange would have occurred precisely through the use of the own shares held by the two companies.

The agreement signed on April 8, not was then followed by the completion of the operation, which, according to the forecasts, would have had to conclude by the end of September. Up to this time, Mediaset has asked, through the civil case that will be discussed in march, a compensation of 50 million euro for each month of delay in the performance of the agreement by Vivendi since July 25.

(Il Sole 24 Ore Radiocor Plus)

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