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Vivendi slams Mediaset's Dutch holding company plan

Thursday 11 July 2019 | 09:31 CET | News
French media giant Vivendi has strongly criticised a move by Italian broadcaster Mediaset to create a new Netherlands-based TV company as part of a plan to set up a pan-European alliance. In its first comment regarding the plan Mediaset announced last month, Vivendi said the price offered to shareholders who wished to exercise their withdrawal rights was too low and that the plan damaged the interests of minority investors. "Vivendi denounces Mediaset's real goal ... which is to sidestep the fundamental principles of shareholder democracy," said the company, according to Reuters.

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