Mediaset hostile shareholder Vivendi could be excluded from voting at shareholder meetings of a new Amsterdam-based TV company the Italian broadcaster is setting up, reported Reuters.
Mediaset earlier this month unveiled a corporate overhaul that includes putting the group and its separately-listed Spanish unit under a new Dutch holding company as part of a pan-European growth strategy.
The broadcaster, controlled by the family of former Prime Minister Silvio Berlusconi, will have around 35% of the holding MediaforEurope (MFE) and just above 50% of voting rights.
Vivendi, Mediaset’s second-biggest shareholder, is set to have around 23 percent of MFE once the deal is signed off. However, most of that stake will be held in a trust reflecting the current set-up at Mediaset.
Full Content: Reuters
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