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Vivendi increases Mediaset stake to above 12%

Wednesday 14 December 2016 | 08:37 CET | News
French media giant Vivendi has announced that it now owns 12.32 percent of Mediaset the day after it revealed it had a 3.01 percent stake in the Italian commercial broadcaster and had plans to increase it to as much as 20 percent. In reply, Fininvest, the holding company that owns 35 percent of Mediaset, announced that it had acquired 27.6 million shares in the Italian broadcaster and had rights to buy 14 million more to reach 39.775 percent of voting capital. Fininvest has also filed a complaint with Italian authorities and with market regulator Consob on grounds of market manipulation,

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Categories: Broadcast & Satellite
Companies: Mediaset / Telecom Italia / Vivendi
Countries: Italy
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