Sunday, December 18, 2016

Mediaset Confalonieri: “No negotiations with Vivendi” Bolloré on the Stock exchange, in the case Premafin – Corriere della Sera

PIACENZAThere is an anecdote in the climbing of Vivendi on Mediaset Fedele Confalonieri feels duty-bound to remember. While in the due observance of the laws of the market, the chairman of the group of Cologno recalls the operation of the “Cinq”, the first tv private French company founded by Silvio Berlusconi in 1986, taking advantage of the choice of the then president of the French François Mitterrand to grant two new licenses for the opening of private broadcasters. “We threw in the operation — says Confalonieri on the sidelines of a conference of the union of industrialists — with the aid of the producer Jérôme Seydoux, who introduced himself as the majority shareholder, and is recorded in the frequencies. Just realized that we could grow the government decided to privatize TF1, the largest generalist channel French, which was immediate ly a competitor cumbersome. We were forced to beat a retreat.”. The story, in his words, testifies to the fact that in a strategic sector such as that of the media “there is in the game only the Italian but also the national interest”. Confalonieri underlines this renewed confidence vis-à-vis the executive. The immediate sortie of the minister of Development, Carlo Calenda, in the days of Vivendi up to 20% of the Biscione raking in the shares on the market, has been met with relief: “We feel supported because the government is acting in the correct way, and also very decided.”

The side of the institutions is crucial. Also in consideration of the fact, reasons Confalonieri, that we are facing “a hostile takeover”. On the which also investigates the public Prosecutor of Milan, for a (alleged) manipulation of the market. The interview released yesterday to the Corriere della Serafrom the ceo of Vivendi, Arnaud De Puyfontaine, was read to the upper floors of Mediaset as yet another provocation. Because it took place a few hours away from the meeting that the same De Puyfontaine has been with Pier Silvio Berlusconi. The meeting ended badly between mutual accusations, and no point of convergence. That’s why there is no possibility of negotiation with the media company of the French, he wrote in a note Mediaset to remove the bud to the voices of a dialogue that would be born in chase to try to restore the situation confused. From Cologno Monzese stress that there would be a sin gle action that would lead to Mediaset in evaluating the moves of Vivendi. Fulfill the demand of compensation for damages to shareholders, quantified at around 1.5 billion, for termination of the agreement for the sale of Premium pay-tv sanctioned in April. From his part, De Puyfontaine has clarified that the purchase of the shares of the 20% of Mediaset responds to the willingness of Vivendi to sit at the table and discuss with Mediaset in a negotiating position than a few months ago.

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December 17, 2016 (change on December 18, 2016 | 08:47)

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