Climbing Vivendi on Mediaset, the title flies on the Stock exchange – The Republic

MILAN - Start right cards stamped. Fininvest has presented today to the public Prosecutor of the Republic of Milan, and to the knowledge of the Consob a complaint of market manipulation against Vivendi. Announces the holding of a note. The act, crafted by the lawyer Niccolò Ghedini, following the press release published yesterday in which the French company announced that it was holding more than 3% of Mediaset and be willing to reach a share of up to 20% of the same Mediaset.

At Piazza Affari the title Mediaset reacts to the advances of Vivendi, and no is the price in the boot unless you get an increase of over thirty percentage points (follow the title) that never before today had registered.

The market smells so air climb and moves accordingly. In the evening yesterday, the French giant of the media, led by Vincent Bolloré has announced the rastrallato a little more than 3% of the share capital of the television that the Berlusconi family controls, through Fininvest, with a share of about 34%. But the group, the transalpine is not limited to render his position, having, in fact, added to point to a participation of between 10% and 20% of the Biscione. In the intentions manifest of Bolloré is not hostile and, in fact, the Consob and the same Mediaset have been informed.

But in Cologno have taken otherwise, so as to bring out two buckets communicated (both to and from televisions and from the holding) that defines “hostile” move the French, in fact, a “climb”. Mediaset has called in his support of Intesa Sanpaolo and Unicredit, while Fininvest, how to rebuild the Republic in newsstand, you may now scrape together a 5% increase of the share capital of Alfa without incurring the obligation of an offer on the whole capital. Puntellerebbe its position, even if Bolloré is not new to the long wars of position, and in any assembly that is cracked may try to direct the voting of the investment funds to change the internal government of the society of Berlusconi.

The performance of Mediaset stock from the beginning of the year: the collapse at the beginning of the summer – when he broke with Vivendi on the issue Premium – and the recent (shy) recovery in view of a possible peaceful solution

The breach between the two former friends, who sit together in the assembly of the shareholders of Mediobanca, has now dated a few months ago. After having signed an agreement that provided for the exchange of a package of 3.5% of the share capital between Mediaset and Vivendi, and the passage of the Italian subsidiary, Premium, in the hands of the French group Bolloré pulled back. There was a legal dispute between the two parties, with Fininvest and Mediaset itself to claim damages for having made waste paper of a contract – say from Cologno – was binding. In anticipation of the verdicts legal, the Mediaset stock collapsed on this impasse from about 3.9 euros to a little over 2.2. In the last few weeks, we saw some recovery as a result of a possible reopening of negotiations.

The reading that Mediaset has given the move announced Monday evening, however, is categorical: according to the Biscione, the turnaround in French on the sale of Premium was “part of a plan that Vivendi has unveiled the move yesterday. “To create the conditions to bring down artificially the value of the title Mediaset, and launch prices of discount the one that looks like a real hostile takeover”.

Topics:

Mediaset

Piazza Affari

Vivendi

mediaset premium

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