A Milan court has given Vivendi a lifeline in its row with Mediaset over the formation of a new pan-European company.
Vivendi said it should be able to vote against the restructuring plan, but was being prevented from doing so because of a subclause in the new group’s structure.
But the judge’s ruling only applies to the 9.6% that is directly held by Vivendi in the Italian company and not another 19.4% that is currently held in an arm’s length trust to satisfy an earlier Italian court ruling.
Vivendi has been at odds with Mediaset since the collapse of a pay-TV agreement in 2016.
On Saturday Mediaset said it was satisfied with the ruling, while Vivendi also welcomed the move.
It’s planned Dutch holding company Media for Europe will complete a reverse takeover of Mediaset and Mediaset España Comunicación.
