From the union ggroup with over three billion capitalizationat least third in size in Europe
The merger was wrecked in original plan of 2019 Mfe after the long legal battle with the French of Vivendi, MediaForEurope, the Biscioneproceeds with theTakeover bid on the Spanish subsidiary Mediaset Espanacontrolled at 55.6% of the capital to move on to the second phase of the television consolidation plan, after the change of name, the transfer of the registered office to the Netherlands and the launch of the double share system (A and B). The board of directors of Mfe in fact, in the late evening of yesterday, thereorganization operation in Spain through a public purchase and exchange offer aimed at delisting.
The operation, according to the agency Radiocoris declined in one offer for two thirds in exchange of shares and for a third in cash. Meanwhile, the actions Mediaset Espana are suspended on the Madrid Stock Exchange from yesterday morning following rumors about the transaction under study and pending official communications from the company. And today it was negotiation stopped also of the securities of the parent company Mfe A And Mfe B. From the union of the two companies it would be born a group with over three billion capitalizationat least third in size in Europe.
The other market where Mediaset is engaged is the German one: the broadcaster of Cologno Monzese increased over 25% of the voting rights in Prosieben (but it could increase its stake up to 29.9%), also because the management understands who is largely the largest shareholder. For further strengthening in Teutonic land, he awaited the definitive green light from all competent authorities and it is a move that on the one hand reaffirms to other potentially interested groups that there is no space on Prosieben, while on the other it wants directly influence the strategies of the German companywhich surprisingly renewed the contract of the CEO until 2027 Rainer Beaujean.
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