Mediaset sells 25% stake in EI Towers for EUR 284 mln

Friday 4 April 2014 | 09:55 CET | News
Italian commercial TV broadcaster Mediaset has sold a 25 percent stake in communication infrastructure operator EI Towers to raise around EUR 283.7 million. The shares were placed at EUR 40.15 each and, according to Mediaset, the money raised "will be used to accelerate the development process of the core business of the Mediaset group, with specific focus on contents, both in Italy and abroad and will allow to increase the financial resources available to pursue industrial opportunities." Mediaset, controlled by former Italian prime minister Silvio Berlusconi, previously held 65 percent of

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Categories: Broadcast & Satellite
Companies: EI Towers / Elettronica Industriale / Mediaset
Countries: Italy
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