40% of EiTowers is held by Mediaset at 213 million euros, equal to 18,8 euros per share, and this will result in a gross capital gain of 2 million euros. This is what emerges from the 431 financial statements of Elettronica Industriale, the Mediaset subsidiary that owns 2017 million Ei Towers shares since 11,3 when the tower company was born from the combination of Mediaset assets and Alessandro Falciai's Dmt.
Elettronica Industriale, which has undertaken to participate in the tender offer of 57 euros per share, will collect a total of 644 million euros. However, in the reorganization Mediaset is both seller and buyer since it holds 40% of the vehicle that will launch the takeover bid: the disbursement for Cologno Monzese is calculated at approximately 450 million, a figure which practically corresponds to the capital gain realised.
The offer on EiTowers together with F2i aims to withdraw the company from Piazza Affari and then try to enhance the towers thanks to the probable consolidation with other infrastructural groups. In announcing the transaction, F2i also hypothesized a possible separation of the activities relating to the telephone signal infrastructures, which in EiTowers are included in the subsidiary Towertel, from those for the TV signal: however, as far as we know, the break-up it is not currently included in the agreements between the two allies that promoted the takeover bid.
Today the Mediaset stock on the Stock Exchange is hovering around parity, at 2,822 euros.
