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Vivendi files appeal against Milan court OK to Mediaset revamp

Reuters
·1-min read

MILAN (Reuters) - France's Vivendi <VIV.PA> has filed an appeal against a decision by a Milan judge to clear the way for a planned reorganization at Mediaset <MS.MI>, Italy's biggest commercial broadcaster said on Thursday.

Mediaset <MS.MI> wants to merge its Italian and Spanish <TL5.MC> businesses into a Dutch unit, dubbed MediaforEurope (MFE).

Vivendi, which owns 29% stake in the media group controlled by the family of former Prime Minister Silvio Berlusconi, is challenging the plan in courts across Europe, saying the new governance set-up would harm minority shareholder interests.

A Milan judge on Feb.3 rejected Vivendi's request to block the Mediaset plan.

A court hearing on Vivendi's appeal has been scheduled in Milan for March 12, Mediaset said in statement.

(Reporting by Elvira Pollina; editing by Valentina Za)