HALISTER: Italy Said Prepared to Rule Against Vivendi in Mediaset Case

Italy Said Prepared to Rule Against Vivendi in Mediaset Case

(Bloomberg) -- Italy is preparing to rule that Vivendi has violated country’s ownership concentration law by buying stakes in Mediaset and Telecom Italia, according to people familiar with the decision.
  • Communications Regulatory Authority expected to announce ruling as soon as this month, the people said, asking not to be named as matter isn’t public
  • A final decision on the case hasn’t been made by the regulatory commission
  • One option would be for Vivendi to sell part of its holdings in one of the two Italian companies within a year
  • Vivendi can appeal decision
  • NOTE: Vivendi, Mediaset Intensify Legal Scrap With Dueling Accusations
  • NOTE: Vivendi Said to Seek Two-Thirds of Telecom Italia Board Seats

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VIV FP (Vivendi SA)
MS IM (Mediaset SpA)
TIT IM (Telecom Italia SpA/Milano)

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