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Berlusconi launches a volunteer grandfather by Mediaset Spain

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Rome, March 15 (EFE).- The Italian audiovisual group Media For Europe (MFE), the former Mediaset and controlled by the Berlusconi family, launched this Tuesday a voluntary takeover bid (OPA) of shares for its subsidiary Mediaset España.

The offer, according to the specifications published by the National Securities Market Commission (CNMV), is addressed to all the shares that make up the share capital of Mediaset España, of which the Italian parent company owns 55.69% of the shares. shares.

Specifically, MFE is seeking 44.31% of the share capital of La Española by offering 1.86 euros per share in cash and 4.5 in ordinary shares.

The operation was carried out before the sale and before the Milan Stock Exchange decided that the temporary suspension of the coverage of MFE.

The CEO of MFE, Pier Silvio Berlusconi, son of the tycoon and former prime minister, explained that “the idea of ​​promoting the geographical areas” where MFE “is already a leader”, Italy and Spain, “always based the creation of a European conglomerate “of TV.

Now, after the disputes with the French group Vivendi, settled last year, MFE wants to start its “first economic and financial rationalization” with this operation that “will increase resources and scale” for its international development, see reads in the note.

At the same time, MSF “will continue to invest” in the German company ProSiebenSat.1 with the idea of ​​”strengthening European media” and in turn “offering new growth opportunities to investors” of Mediaset Spain.

“At a time like this, any activity that refers to the European project and its identity in the ongoing globalization process is good news for our future,” Berlusconi concluded.

The Mediaset group, controlled by the Berlusconi family, changed its name to MFE-MediaForEurope last November, although its subsidiaries Mediaset Italia and Mediaset España maintain their name.

In 2019, the group intends to merge between Mediaset Italia and Spain to create a gigantic audiovisual company capable of competing against platforms such as Netflix, but the Italians’ legal disputes with the French partner Vivendi paralyzed the operation.

MFE has a market capitalization in Milan of 1,334 million euros and this Monday its shares rose 3.7% in mid-session, to 1.16 euros.

c) EFE Agency

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