Vivendi has exceeded 3% in the capital of Mediaset, coming to the 3,01%. This was announced by the French group itself
"The entry into the capital of Mediaset - explains the note from the giant led by Vincent Bolloré - is in line with Vivendi's intentions to develop its business in southern Europe and with its strategic ambitions as a leading international media and content group based in Europe”.
Not only that: “Vivendi – continues the press release – intends to continue to purchase Mediaset shares based on market conditions, until becoming, where possible, the second largest industrial shareholder of Mediaset, with a stake that, initially, it could represent between 10% and 20% of the capital of Mediaset".
“It is evident that it is about a hostile operation”. This is the comment from Mediaset sources to Radiocor Plus.
"From the 25 July – date of Vivendi's decision not to fulfill the signed contract – Mediaset stock lost 30% and all the bad intentions that had already worried us then are coming true”, the sources continue, specifying that the company only learned of the operation through official communications. Vivendi, on the other hand, emphasizes the non-hostile nature of the operation.
SECURITY UPDATE TRAINING
The market reaction was immediate, and it was powerful: one hour after the opening the stock of Mediaset on the Stock Exchange it rips upwards by 25,9%, to 3,422 euros per share.
The Biscione's reply lasts: Fininvest today presented a report for market manipulation against Vivendi to the Milan Public Prosecutor's Office and for information to Consob. This was reported in a note from the Berlusconi family holding company. The deed was prepared by the lawyer Niccolò Ghedini.
