Fininvest, Mediaset and Vivendi have signed the closing of the global agreement reached to put an end to their disputes, mutually renouncing all pending lawsuits and complaints. In particular, Fininvest purchased 5.0% of the share capital of Mediaset held directly by Vivendi, at the price of € 2.70 per share (taking into account the detachment of the dividend and the relative payment, respectively, on July 19 and July 21, 2021).
With this purchase, Fininvest once again owns over 50% of Mediaset, considering the voting rights (exactly 50.99%). It hadn’t happened since 2005.
The companies are reminded that, as part of the agreements, Vivendi has undertaken the commitment to progressively sell on the market the entire 19.19% stake in Mediaset held by Simon Fiduciaria over a period of five years. Fininvest will have the right to purchase any unsold shares in each 12-month period, at the established annual price.