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Mediaset shareholders approve European merger plan, Vivendi to launch court action

Wednesday 4 September 2019 | 15:45 CET | News
Italian broadcaster Mediaset announced that its shareholders approved the company's plan to set up a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE) at an extraordinary meeting held in Milan. The corporate overhaul, strongly opposed by shareholder Vivendi, will result in the merger of Mediaset SpA and Mediaset Spain into the Dutch company, with Mediaset shareholders receiving one MFE ordinary share for each Mediaset share owned. The plan is to list MFE in Milan and Madrid later this year.

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Categories: Broadcast & Satellite
Companies: Mediaset / Vivendi
Countries: Europe / Italy / Spain
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