MILAN (Reuters) - France's Vivendi VIV.PA has dropped summary proceedings filed in an Amsterdam court against a Mediaset MS.MI 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
Our Standards: The Thomson Reuters Trust Principles.