Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting

by Staff GBAF Publications Ltd
0 comment

(Reuters) – MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet for 10.7 million euros ($11.45 million) as it plans to delist the Spanish broadcaster.

MFE, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said the transaction is expected to occur on Thursday and that the price was set at a 4.04% discount to the withdrawal right price.

The withdrawal right price is the amount that Mediaset Espana shareholders who vote against the merger by absorption of the company with MFE and exercise their withdrawal rights in the Spanish company’s extraordinary shareholders meeting scheduled for Wednesday are entitled to receive.

The Italian broadcaster said last year it carried out a public tender offer on the Mediaset Espana shares last year and now intends to delist the shares from the Madrid stock exchange.

($1 = 0.9351 euros)


(Reporting by Joao Manuel Mauricio in Gdansk, Editing by Louise Heavens)