Does peace break out between Mediaset and Vivendi?
Peace negotiations underway between Mediaset and Vivendi. Facts, hypotheses and rumors
Mediaset returns to run in Piazza Affari after the hand extended to Vivendi.
The calm between the two opponents could soon return: the lawyer Luca Fossati of the Chiomenti firm, much esteemed by Vincent Bolloré, would be working on a three-way agreement with Fininvest.
All the details.
MEDIASET RUNS IN THE STOCK EXCHANGE
New Rally on the Stock Exchange for Mediaset, which at 2.00 pm earns 5.95% at 2.74 euros.
PEACE WITH VIVENDI
The market seems to be betting on a possible peace with Vivendi. The Biscione after the various defeats in court – according to what MF-Milano Finanza reports – seems to lower the hatchet with the French partner, who owns 28.8% of Mediaset.
After the announcement of the transfer of Mediaset's registered office to the Netherlands , and the date of May 27 to abolish the increased voting rights, which was introduced by the company two years ago, precisely with the aim of curbing Vivendi's advance and to secure Fininvest's position, there are rumors about the plans of the Biscione of ongoing negotiations between Mediaset and the French company. To negotiate for the parties, writes MF-Milano Finanza , there is on the one hand, the Italian one, Sergio Erede, on the other, the French one, Giuseppe Scassellati-Sforzolini (Cleary Gottlieb).
THE END OF LEGAL QUESTIONS
The armistice between the parties foresees, first of all, the end of the legal disputes still in progress after the latest Milanese sentences. “Mediaset would take a step backwards with the guarantee that Vivendi does not pose obstacles in the May and June assemblies to the transfer to the Netherlands and to the new course of the Berlusconi TV network”, says MF.
THE BACK STEP OF VIVENDI
The presence of the Bollorè group should also change soon. Vivendi would undertake to progressively reduce its stake in Mediaset by selling the 19.2% held in Simon fiduciaria over the next 5 years, with Fininvest which could request a form of pre-emption or approval on the sale of the shares.
Also expected to distribute a DPS of 0.3 ps.
THE MEDIA FOR EUROPE PROJECT
Steps, those above, which have a single objective: to lead to the creation of Media For Europe, the Mediaset project that provides for the birth of a pan-European TV, through the aggregation with Mediaset Espana and other operators in the sector, first of all Prosieben di which the Mediaset group holds 24.9%.
THE RIGHT TIME
Could this be the right time? What makes him think, writes Giovanni Pons of the newspaper la Repubblica , is the fact that “the shareholder Fininvest asked the lawyer Luca Fossati of the Chiomenti firm to resume the negotiations with the French lawyers. Fossati, in fact, is estimated by Vincent Bolloré and in March 2019 he had already come very close to the agreement ".
FEARS OF VENDING
It's still. Vivendi also has an interest in reaching an agreement soon: the leaders, Pons always writes, "fear the start of a criminal trial". Peace trials will take place at the next assemblies, those of May 27 and June 23, respectively, to abolish the majority vote and transfer the registered office to the Netherlands.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/scoppia-la-pace-fra-mediaset-e-vivendi/ on Thu, 29 Apr 2021 12:08:44 +0000.