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Vivendi ups Mediaset stake as govt rules out intervention

Friday 23 December 2016 | 08:31 CET | News
French media giant Vivendi announced that it now owns 28.8 percent of Mediaset's share capital and 29.94 percent of the voting rights after continuing with the previously disclosed plan to increase its stake in the Italian broadcaster until it reaches the 30 percent legal limit above which an investor is required to launch a takeover bid. Leading Italian politicians responded by expressing their concerns about Vivendi's intentions, with industry minister Carlo Calenda telling reporters that the government was unhappy with Vivendi's aggressive tactics but wasn't yet prepared take action.

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