Vivendi drops summary proceedings in Amsterdam against Mediaset European plan - sources

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 - Copyright Charles Platiau(Reuters)

By Reuters

Published on 14/10/2019 - 21:34•Updated 10/05/2024 - 16:08

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MILAN (Reuters) - France's Vivendi <VIV.PA> has dropped summary proceedings filed in an Amsterdam court against a Mediaset <MS.MI> plan to merge its Italian and Spanish businesses into a new Dutch holding company, two sources close to the matter said on Monday.

Last week a Spanish court suspended Mediaset's plan, which Vivendi - the second largest investor in the Italian broadcaster - considers detrimental for minority shareholders.