RPT-Mediaset's pan-European plan set to survive Vivendi opposition [Reuters]
VIVENDI SE UNSP/ADR (VIVHY)
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Source: Reuters
RPT-Mediaset's pan-European plan set to survive Vivendi opposition - Reuters 3 Min Read (Repeats with no changes) By Elvira Pollina MILAN, Sept 3 (Reuters) - Italian broadcaster Mediaset’s plan to reorganise its businesses as part of a pan-European growth strategy is set to be approved by shareholders on Wednesday, despite opposition from the group’s second biggest investor, Vivendi. But the French media group could still throw a spanner in the works if it decides to sell its Mediaset stake - as the corporate overhaul is conditional on no more than 180 million euros being spent to mop up the shares of investors who head for the door. At Wednesday’s meeting, shareholders will be asked to approve merging Mediaset with its Spanish unit Mediaset Espana and putting both groups under a newly created Dutch holding, called MediaforEurope (MFE). Mediaset, controlled by the family of Italy’s former prime minister Silvio Berlusconi, aims to use the new entity as a platform to develop continental
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