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Stock market, Telefonica makes Mediaset fly

The Alfa rally, the operators underline, is linked to the move by Telefonica, which would be ready to put 350 million on the plate to take over the 22% of Digital+ (the Iberian pay TV) not yet in its possession from Cologno Monzese.

Stock market, Telefonica makes Mediaset fly

Sprint of Mediaset a Business Square. On a day in which - at the moment - the Ftse Mib is rather flat, the Alfa stock stands out, which just before 10 am makes a rocket start, gaining over 3%. The rally, the operators underline, is linked to the move by Telefonica, which would be ready to put 350 million on the plate to acquire from Cologno Monzese the 22% of Digital+ (the Iberian pay TV) not yet in its possession.

A figure which, proportionally, is at a premium compared to what Telefonica itself paid for 56% of Prisa, the third party present in Digital+'s shareholding structure. It is precisely these numbers, evidently advantageous for Mediaset, that push purchases on the Stock Exchange, given that if it accepted Telefonica's offer it would benefit from a substantial liquidity injection, perhaps to invest in other items.

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