Mediaset, Vivendi rake 3% in the Bag and tip at 20% – The Republic

MILAN Vivendi has a share of 3,01% in the share capital of Mediaset and wants to become the second largest shareholder of the company. He informs the group of the French after having exceeded the threshold of 3% of the share capital. Vivendi intends to continue to purchase shares of Mediaset in accordance with the conditions of the market, becoming, if possible, the second-largest shareholder is industrial, with a participation which, in a first time, it may represent between 10% and 20%”. It is not said in clear words, but probably this could be the first step of a hostile act.

Vivendi goes on his way, and rake in the stock exchange the securities of the company with which throughout the summer has argued to the carte bollate and with which is being a cause of compensation in the billions. In a note, the colossus led by Vincent Bollorè has announced that, despite the failure of the contract signed last April 8, with a partnerships of strategic and industrial with Mediaset, Vivendì remains convinced that there is any value in society that is headed by the Berlusconi family.

The French group, recalls having signed last April, a strategic partnership and industrial with Mediaset. The partnership, “having an international scope, was, on the one hand, various initiatives relating to the production and the joint distribution of the ambitious audio-visual programmes and, on the other hand, the creation of a platform global television over-the-top”. The first step consisted of the acquisition by Vivendi of 3.5% of the share capital of Mediaset and 100% of the pay-tv Mediaset Premium, in exchange for 3.5% of the share capital of Vivendi.

But the planned acquisition of Mediaset Premium “has unfortunately given rise to a dispute between Vivendi and Mediaset. Mediaset and its shareholder Fininvest have not accepted the proposals of Vivendi aimed at finding an amicable solution to resolve the dispute”. As Vivendi considers that the strategic interest of the industrial partnership announced last April 8, 2016 goes beyond the issues of the pending litigation, Vivendi announced that it had passed the 3% threshold of the share capital of Mediaset and will now 3,01%”.

The entrance in the share capital of Mediaset, he stresses, is “in line with the intentions of Vivendi to develop its activity in southern Europe and with their ambitions, strategic as the primary international group with headquarters in Europe in the field of media and content”. In accordance with the Consob regulations and Mediaset have both been informed of exceeding the threshold.

Topics:

Mediaset

Vivendi

Starring: