Mediaset
MS
End-of-day quote Italian Stock Exchange - 07/18
2.807EUR
-0.64%

Italy regulator says Vivendi transfers part of Mediaset stake in trust

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04/11/2018 | 07:22 pm
MILAN (Reuters) - Italy's communications authority (AGCOM) said on Wednesday it had been advised by Vivendi (>> Vivendi) that the group transferred into a trust 19.19 percent of its total shareholding in private broadcaster Mediaset (>> Mediaset) on April 6.

MILAN (Reuters) - Italy's communications authority (AGCOM) said on Wednesday it had been advised by Vivendi that the group transferred into a trust 19.19 percent of its total shareholding in private broadcaster Mediaset on April 6.

Last year, AGCOM asked Vivendi, which also holds a 23.9 percent share in Telecom Italia, to reduce its stake in one of the two groups by April 2018 to comply with Italian antitrust regulations.

AGCOM said that as a result of the transfer to the trust called Simon Fiduciaria, Vivendi held voting rights of under 10 percent in Mediaset.

It added that the trust would exercise the rights linked to the shareholding, independently from Vivendi, respecting the rules set out by the regulator.

(Reporting by Giulia Segreti; Editing by Crispian Balmer)

Stocks treated in this article : Vivendi, Telecom Italia, Mediaset
Thomson Reuters 2018
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