October 14, 2019 / 7:14 PM / a month ago

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

FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below