January 13, 2020 / 5:10 PM / a month ago

Vivendi asks Dutch court to block Mediaset TV merger plan

FILE PHOTO: The Mediaset tower is seen at in Cologno Monzese, near Milan, Italy, April 8, 2016. REUTERS/Stefano Rellandini/File Photo

MILAN (Reuters) - Vivendi (VIV.PA) has asked a court in Holland for an injunction to prevent the merger of Mediaset (MS.MI) and its Spanish subsidiary (TL5.MC) into a Dutch vehicle, the Italian broadcaster said on Monday.

Mediaset, controlled by the family of former Prime Minister Silvio Berlusconi, is setting up the Dutch-based company, called MediaForEurope (MFE), to help it pursue tie-ups in Europe.

But Vivendi, Mediaset’s No. 2 shareholder, opposes the plan saying the governance structure of the new entity would strengthen Berlusconi’s grip on the company.

The Amsterdam court is scheduled to decide on the issue on Feb. 10, Mediaset said.

Reporting by Stephen Jewkes, editing by Elvira Pollina

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