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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Mediaset Espana Comunicacion, S.A.    TL5   ES0152503035

MEDIASET ESPANA COMUNICACION, S.A.

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Mediaset Withdraws MediaForEurope Merger Plan Filing to Avoid Vivendi Action

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03/04/2020 | 04:43am EDT

By Mauro Orru

Mediaset SpA said late on Tuesday that it has decided to withdraw the filing of its merger plan for MediaForEurope, its planned pan-European media holding company, from the Dutch Chamber of Commerce after Vivendi SA threatened new legal action in the Netherlands.

The Italian broadcaster filed its merger plan to the Dutch Chamber of Commerce on Feb. 5, a plan which according to Vivendi's counsel would contain a new supplement which wasn't made available to shareholders of Mediaset SpA and Mediaset Espana Comunicacion SA.

Mediaset said it decided to withdraw the filing to avoid any pretext for more legal proceedings, adding that it would work with relevant authorities to move forward with a new filing.

Mediaset wants to merge its Italian and Spanish operations to create MediaForEurope as a Dutch holding company, a plan which shareholder Vivendi opposes as it believes the merger "disregards basic shareholders' rights."

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET 3.07% 1.513 Delayed Quote.-44.81%
MEDIASET ESPANA COMUNICACION, S.A. 3.87% 3.056 End-of-day quote.-46.01%
VIVENDI SE 0.89% 19.775 Real-time Quote.-24.01%
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Financials (EUR)
Sales 2020 788 M
EBIT 2020 150 M
Net income 2020 122 M
Debt 2020 7,86 M
Yield 2020 10,5%
P/E ratio 2020 7,80x
P/E ratio 2021 6,29x
EV / Sales2020 1,22x
EV / Sales2021 1,02x
Capitalization 957 M
Chart MEDIASET ESPANA COMUNICACION, S.A.
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Technical analysis trends MEDIASET ESPANA COMUNICACI
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 4,63 €
Last Close Price 3,06 €
Spread / Highest target 414%
Spread / Average Target 51,5%
Spread / Lowest Target -44,4%
EPS Revisions
Managers
NameTitle
Paolo Vasile Chief Executive Officer & Executive Director
Alejandro Echevarría Busquet Chairman
Massimo Musolino Executive Director & Managing Director-Operations
Francisco Javier Uria Iglesias Director-Finance & Economics Division
Eugenio Fernández Aranda Director-Technology Division
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