December 18, 2019 / 10:02 AM / a month ago

ECJ asked to declare Italian rule capping Vivendi's holding in Mediaset contrary to EU laws

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

MILAN (Reuters) - The European Union advocate general has proposed the EU Court of Justice declares that an Italian law that forced Vivendi to forfeit two-thirds of its stake in Italian broadcaster Mediaset (MS.MI) violates the bloc’s rules, the ECJ said on Wednesday.

EU Advocate General Campos Sánchez-Bordona said in a statement the Italian law excessively limited the right to do business anywhere in the EU compared to the need to protect the variety of sources in the media sector.

Reporting by Elvira Pollina; editing by Valentina Za

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