In just a one line statement Vivendi has confirmed that it is on the edges of a 30% holding in Vivendi – its declared intention in its battle with the Italian media giant.
“Vivendi announces that it owns 28.80% of the Mediaset share capital and 29.94% of the voting rights as of December 22, 2016,” the statement announced after the closure of the French stock exchange Thursday.
In April Vivendi and Mediaset announced a ‘industrial partnership’ that later collapsed amid acrimony and is yet to find an amicable solution outside of the courts.
Vivendi says its presence in the Mediaset equity is in line with the Group’s intention to develop its activities in Southern Europe and its strategic ambitions as a major international, European-based, media and content group.
