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Vivendi trust says it could take action if banned from Mediaset meeting

Vivendi trust says it could take action if banned from Mediaset meeting
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau -
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Charles Platiau(Reuters)
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MILAN (Reuters) – The trust which holds most of French media giant Vivendi’s stake <VIV.PA> in Mediaset <MS.MI> said it reserved the right to take action if the Italian broadcaster opted to prevent it from voting at a key shareholder meeting this week.

Mediaset sharholders wull meet on Wednesday on a plan to merge Mediaset and its Spanish subsidiary <TL5.MC> into a Dutch holding as a part of a pan-European growth strategy.

A board of the Italian broadcaster is expected to take place before the shareholder meeting and to bar the trust from execising its voting rights.

(Reporting by Elvira Pollina)

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