Wednesday, December 14, 2016

Mediaset Vivendi: “In the whole game in Italy”. Gentiloni, “hostile takeover” – The Republic

ROME. Go to the government which has opened the doors to the colonization of the Country financial is the first major spectrum that takes possession of the Palazzo Chigi, in the same hours in which the Senate grants to the trust and Paolo Gentiloni, begins his complicated navigation. The climbing of Vivendi Mediaset, the blitz that leads the actions in the hands of the Breton and 20 per cent displace and shake the new president of the Council, which already will have to run for cover in the trench in the Mps. There is not a moment to lose. “Here is not in the game only the company of Berlusconi, the game is much more coarse and can’t stand to watch” is the reminder that the premier just does and says to his ministers. The part immediately around the whirlwind of phone calls at the highest institutional levels, the scenario is considered one of the most gloomy for a Country already considered fragile by the international investors and from Brussels.

this Is the message that bounces from Milan to worry about the Presidency of the Council and the ministry of economic Development in the first instance, because in the game there is only the safety of a large company that already in 1998 the then-premier Massimo D’alema had called it “Country heritage”. But the suspicious coincidence: the arrival of French giant is being conducted just a few days after the end of the experience Renzi, a government is considered strong and stable in all the registries and markets. And when the Italian political crisis ends, however, with the birth of a new government, which of course, does not want to appear to weak external and avoidable. The more the suspicion, the fear is that the assault on Mediaset is not the only one in the yard over the border.

Here, then, is that when the markets are closed for an hour, the minister of Development Carlo Calenda intervenes for the planting of the poles, while admitting “the absolute respect of the government for the rules of the market”. The one in the act, is pointed out, appears “an attempt, a completely unexpected, hostile takeover at one of the largest media groups of the Italian” and is not “the most appropriate way to proceed in order to strengthen its presence in Italy”. And is the reason for which “the government – said the minister competent in the field – will monitor with attention the evolution of the situation”. But what he can do in concrete terms to the executive in a free market regime in the face of a Stock exchange transaction, although planned as an assault-style raider? Little, to nothing, afraid of the vertices Mediaset, so at least has dampened the enthusiasm of the lawyer Niccolò Ghedini, during the summi t of the family with the owner Berlusconi, the children, and the president Confalonieri at Arcore. And not only the Palazzo Chigi, but the same Pd enters the field to make the square. Will be investigated with actions put in security Mediaset”, confirms the deputy secretary of Renzi, Lorenzo Guerini: he also speaks of “a heritage of this Country” to be protected in front of a climbing “very hostile”.

Paolo Gentiloni shortly before flying to Bruxeles for his first european Council by premier is contacted by Fedele Confalonieri. With the president of Mediaset, the relationship has roots in the time. But the assurances have only partly reassured, the weather in Villa San Martino. Berlusconi orders his sons to do the square and keep the strong, strong of the fact that to go over and complete the Opa Bolloré should put in the basket also the Towers and Telecinco: at least two billion more than the 4.3 value of Mediaset.

Palazzo Chigi afraid of this and more. That is to be scaled in the future are also Mediobanca, Unicredit and Generali. The other story Telecom. The former prime minister Renzi has staked everything on the fiber optics, but the greater part of the communications – even the most delicate, those of the Defense – traveling still on the telephone line of copper in the availability of the company. The government may deduct its price, making it “strategic” to national interests, and hope to dampen as well as the idea of Vincent Bollorè (which already controls Telecom with 24.5 percent). A similar procedure, but of a different nature – for example on taxation – could be a way to the study to protect Mediaset. Cologno Monzese know that it will be difficult for you to swim yet alone in a pool of sharks. The competitors of the French is the other giant in the Sky, the approaches with Rupert Mardoch for Mediaset Premium are not missed. The fact is that the australian mogul is closing important agreements with “enemy” and Bolloré in France. Agreements that could pass through the non-aggression on the “hunting ground” in Italian. I wonder if then the owner Vivendi will not attempt in the space of a few months to close the package telephony-tv in Italy. A road esplanade, is always that Palazzo Chigi is not blindi in some ways the last jewelry of the house.

Topics:
Mediaset
Vivendi
climbing
holdings
italy
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