October 14, 2019 / 7:09 PM / 2 months ago

Vivendi drops summary proceedings in Amsterdam against Mediaset European plan -sources

MILAN, Oct 14 (Reuters) - France’s Vivendi has dropped summary proceedings filed in an Amsterdam court against a Mediaset plan to merge its Italian and Spanish businesses into a new Dutch holding company, two sources close to the matter said on Monday.

Last week a Spanish court suspended Mediaset’s plan, which Vivendi - the second largest investor in the Italian broadcaster - considers detrimental for minority shareholders.

A court hearing on the case was scheduled in Amsterdam on Wednesday.

Reporting by Elvira Pollina, writing by Giulio Piovaccari, editing by Chris Reese

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