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Mediaset shares fall 6 pct after Vivendi raises stake to 20 pct
December 15, 2016 / 8:21 AM / a year ago

Mediaset shares fall 6 pct after Vivendi raises stake to 20 pct

MILAN, Dec 15 (Reuters) - Shares in Italy’s Mediaset fell more than 6 percent on Thursday after France’s Vivendi raised its stake in the private broadcaster to 20 percent, prompting a warning from the Italian government.

The French media group had said on Monday it intended to buy up to a fifth of the Milan-based TV group, whose controlling shareholder is former Italian prime minister Silvio Berlusconi, in a move branded as hostile.

Berlusconi said that his family, which holds 39.8 percent of Mediaset’s voting rights through investment vehicle Fininvest, would continue increasing its shareholding and would fight any Vivendi move intended to loosen their grip on the broadcaster. (Reporting by Giulia Segreti; editing by Agnieszka Flak)

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