Tuesday, December 13, 2016

Vivendi boosts shares of Mediaset in Milan stock exchange – The Financial

Anyt, recorded its highest growth in two decades, to pick up its shares more than 31 percent on the Milan stock exchange after Vivendi acquired 3 percent of the giant media.

however, the plans of the French company go beyond and your objective is to buy 20 per cent of the capital of the Italian.

The strategy of the billionaire French Vincent Bollore and president of Vivendi, seeks to transform the company into a large conglomerate of media in the south of Europe.

Since the company controlled by the family of Silvio Berlusconi, believe that this agreement would be a step for a future and eventual offer of purchase (OPA) hostile. Although recall, which in the past there were problems with the sale of shares of Mediaset Premium, precisely between the two companies.

In fact, the last 26 of July, the Italian sank in the bag after you know that Vivendi would not be fulfilling their purchase agreement. The compromise provided for the purchase of 100% of society pay television Mediaset Premium on the part of the French. But this last one broke his pact to acquire only 20 per cent.

at The close of business of the Milan stock exchange, the shares of Mediaset rose 31.86 per cent, to three thousand 584 euros per paper, while the titles of the French Vivendi achieved a gain of 0.30 percent, with a price of 18.55 euros in the index CAC-40 of Paris.

With information from Bloomberg and Reuters

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