Mediaset Vivendi’s 20%”. Berlusconi: “the Operation was hostile, the family compact” – The Republic

MILAN - Silvio Berlusconi enters the field into each other, Mediaset Vivendi, and lined up the family compact against Vicent Bolloré, promising that the holding company Fininvest “in respect of the laws” still raise its participation. A move made even more urgent by the fact that the company transalpina is officially climb to 20% of the share capital of Cologno Monzese, after having declared only on Monday, a participation rate of 3,01%. “The purchase of Mediaset shares by Vivendi, not agreed in advance with Fininvest, cannot be considered other that a transaction is hostile,” said the fir st member of Alfa. “We – he added – there is the compactness of absolute of my family on a point to be very precise: we have no intention of letting someone try to resize our role of entrepreneurs. For this reason, we have increased our participation and we will continue to do so within the limits allowed by the law”.

The castling of the safe family, up to 39% of the voting rights of the tv Cologno, serves to raise the bar for an eventual hostile takeover of the French, and to try to lock (maybe with the help of tacit of other members “silent”) 50% of the company. Fininvest, for its part, will buy another 5% of the subsidiary by next April, without incurring the obligation of the public Offer on the whole of society. The bridges between the two former allies, however, are now broken: “Vivendi has had the opportunity, with the strategic agreement, signed last April, starting with Mediaset, a partnership that was fruitful for both groups – said Berlusconi -. Unfortunately, this agreement has been disowned by Vivendi in the manner and with the consequences legal and otherwise, that are known. This is certainly not the best card in that Vivendi may exhibit in the re-emergence as a shareholder in the industrial society”.

To give a hand at home, Berlusconi, even if brushed, fell in the field and the government. A “hostile takeover” is not the most appropriate way of proceeding “in order to strengthen its presence in Italy,” said the minister of Economic Development, Carlo Calenda. The Government, he added, “will monitor with attention the evolution of the situation”. “Given the absolute respect of the Italian Government to the rules of the market – has detailed the minister – does not seem really that what might look like an attempt, a completely unexpected, hostile takeover of one of the greatest bands in the Italian media, is the most appropriate way to proceed in order to strengthen its presence in Italy”.

the MILAN PROSECUTOR’s office INVESTIGATES THE CASE

The Bag held a high level of attention on each other and Mediaset closes the day still purchased at Piazza Affari, where he scored a rise of 1% with strong volumes of trade (the title). Confirms the values reached on Tuesday, when it jumped 31%.

The performance of the stock Mediaset: with the recent flare-ups has recovered the values of the spring, before the explosion of litigation with Vivendi on the sale of Premium

To turn on the purchases on the Serpent is the now full-blown battle between the Fininvest of the house of Berlusconi and the financier breton Vincent Bolloré, that with a blitz, he purchased a man’s low, the actions of the television through his giant Vivendi. After months of stalemate for the lite Italian-French on the fate of the Premium – that Vivendi was at first committed to purchase, subject to then do the reverse with much of the aftermath to the carte bollate – the match has accelerated in the space of a few hours. On Monday, the French have come out, declaring the 3,01% of Mediaset and the intention of getting in a hurry towards the 20%. Tuesday took a major step to concretizzaral, arriving at 12%, and today it has crossed the finish line indicated.

Fininvest has not been watching and has raked other securities and voting rights, reaching a step up from the 40% which represents the limit beyond which it should launch a Takeover bid. And is also passed to the legal action, denouncing the actions of the financier and a breton to the Milan Prosecutor’s office has opened a dossier for manipulation of the market, for now, against unknown persons. Mediaset and Fininvest have immediately branded this as a “hostile takeover”, facilitated by the fact that the dispute opened with Vivendi has depressed the title of Piazza Affari, in the last few months. The bursa is inflamed and Tuesday, the day of the Serpent was closed with a staggering +31,8%, among other things, resulted in a considerable revaluation of the asset to the Fininvest.

Topics:

Mediaset

bag

Vivendi

Starring:

Vincent Bolloré

Silvio Berlusconi