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Mediaset approves share buyback, files new Vivendi claim

Thursday 29 June 2017 | 08:33 CET | News
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Italian commercial broadcaster Mediaset has approved a share buyback programme at its annual shareholders meeting that is expected to help the company fight off any hostile takeover from French media giant Vivendi. Although Mediaset is still controlled by the Fininvest holding of family of the Berlusconi family with a 39.5 percent stake, Vivendi became its second largest shareholder at the end of last year via a 28.8 percent holding. The approval of the buyback programme means Mediaset can now buy up to 10 percent of the company's shares.

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Categories: Broadcast & Satellite
Companies: Agcom / Mediaset / Vivendi
Countries: Italy
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