Vivendi back to the office: mega offer to buy all Mediaset
EXCLUSIVE. The business banker de Vecchi (Citigroup) met Berlusconi on behalf of Bolloré. On the table a shock proposal: take over the majority of the Biscione at over 30% compared to the current stock market values.
New governments , new majorities . And scenarios that cannot fail to reverberate in the business world . It will be a coincidence, but while Giuseppe Conte delivered his speech on confidence in the Senate , one of the most prominent business bankers , Luigi de Vecchi , president of Citigroup's Continental Europe division, crossed the threshold of Palazzo Grazioli where Silvio Berlusconi was waiting for him . That of de Vecchi, however, which for a long time has known the Cav, was not a courtesy visit.
Luigi de Vecchi, president of the Continental Europe division of Citigroup.
THE OFFER OF BOLLORÉ AL CAV
The banker probed the land on behalf of the one who, after being his ally, is now the sworn enemy of Fininvest , or Vincent Bolloré . According to the rumors that Lettera43.it was able to collect, the proposal of the Breton financier to the Cav would be those difficult to refuse. That is an offer to buy the majority stake in Mediaset at the same market value , above 3.5 euros, which Vivendi recognized when it launched the takeover of Biscione in December 2016 and that led it to conquer 29, 9% of the company.
CONFLICT RELATIONSHIPS BETWEEN VIVENDI AND MEDIASET
In short, de Vecchi would have proposed to Cav an operation that exceeds the current values on which the Mediaset share travels by more than 30% . A proposal, that of Vivendi, which comes at a time when relations between the two groups are perhaps at the height of conflict , with the French who had strenuously opposed the mega cross-border merger between Mediaset and its Spanish subsidiary from which it was born Mediaset Investment NV ., A company under Dutch law wholly and directly controlled by Mediaset, which will become the new holding company of the Mediaset Group.