“In the current circumstances, Vivendi at the time is not more willing to give priority to the search for an amicable solution and reserves the right to take all actions necessary to defend its interests and those of its shareholders.” This is the end of a hard release of the French group, chaired by Vincent Bolloré on the history of Mediaset and Mediaset Premium. Vivendi reiterates that the business plan of Mediaset Premium, which provides balance in 2018, is based on “assumed unrealistic” and therefore “cannot be held responsible for the current situation.” The French group stresses have repeatedly stated that it is open to discussions on the dispute with Mediaset and have tried alternative solutions in the past few months.
The only answer to”the constructive approach of the Vivendi” by Mediaset and Fininvest – continues the press release of the French group – has been the spread of “public statements are aggressive and begin a series of legal actions”. Among these, the new instance presented on the 12th of October that aims to “intimidate Vivendi” and asks for the seizure of 3.5% of the share capital of Vivendi.
the Mediaset takes note of the fact that the story Premium with Vivendi “will be resolved in court”. This is the response of the group’s television Cologno Monzese.
In the note, Mediaset denies that in the past few months, Vivendi has made constant attempts to find solutions for alternative and more precise instead of the last, July 25, “there were more contacts between the two companies” and that “he ceased” from Vivendi “any approach”.
The first hearing in the courtroom is fixed for the 8th of November where will be discussed the request for an injunction sought by Mediaset for the seizure of 3.5% of Vivendi involved in the agreement signed in April between the two companies. The request for seizure, “far from being an initiative intimidating,” recalls the Italian group, “it is the aim of protecting the interests of Mediaset and its shareholders”.
Mediaset asks for the seizure of 3.5% of Vivendi for the case Premium, the hearing 8th November
Mediaset and Vivendi concluded an agreement on 8 April last, for the sale of pay-tv Premium French group, including a share exchange of 3.5%. On the 26th of July it was announced that Vivendi, the belief is precisely the “unrealistic” business plan Premium, kept the commitment to the stock exchange, but with the prospect of up to 15% of the share capital of Mediaset in three years through a bond convertible and that instead of purchasing the 100% of pay-tv, and wanted to stop at 20%. The communication had immediately triggered a tough stance of Mediaset and Finivest, which have later also started legal action against Vivendi with the request of damages multi-millionaires. Well as in the growing of the conflict, according to the rumors, the contacts between the two fronts would not have, however, never stopped. With the statements today of Vivendi, however, the dossier appears to have taken a fold incurable. At least as far as an amicable solution.
(The Solre 24 Ore Radiocor Plus)
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