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)