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Mediaset to acquire up to EUR 50 mln of Mediaset Spain shares, rejects Vivendi legal claims

Thursday 5 September 2019 | 09:56 CET | News
The board of Italian broadcaster Mediaset has approved the acquisition of Mediaset Spain shares worth up to EUR 50 million to take advantage of the "financial upside" arising from its decision to create a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE). That move, recently approved by shareholders, 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.

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