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Simon Fiduciaria has registered stake to vote at Mediaset shareholder meeting - source

Simon Fiduciaria has registered stake to vote at Mediaset shareholder meeting - source
FILE PHOTO: The Mediaset tower is seen at the headquarter in Cologno Monzese, near Milan, Italy, April 8, 2016. REUTERS/Stefano Rellandini/File Photo -
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Stefano Rellandini(Reuters)
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MILAN (Reuters) – The Simon Fiduciaria trust, which holds most of French media giant Vivendi’s stake <VIV.PA> in Mediaset <MS.MI>, has registered its shares in the Italian broadcaster with a view to being able to vote at a key Sept. 4 shareholder meeting, a source said on Friday.

Two-thirds of Vivendi’s 29% stake in Mediaset is held by the trust which Mediaset has to date excluded from taking part at shareholder meetings.

Mediaset shareholders will vote on a proposal to merge the group’s Italian and Spanish businesses into a Dutch holding company.

Vivendi has publicly declared its opposition to the deal.

A Simon Fiduciaria spokesman was not immediately available for a comment.

(Reporting by Elvira Pollina, editing by Stephen Jewkes)

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