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    MFEB   NL0015000N09

MFE-MEDIAFOREUROPE N.V.

(MFEB)
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Delayed Borsa Italiana  -  11:35 2022-08-05 am EDT
0.6060 EUR   +0.92%
08/05MFE-MEDIAFOREUROPE N.V. : Update on the execution of the share buyback programme for the period 01-05 august 2022
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08/03MFE MEDIAFOREUROPE N : Jaarlijkse financiële verslaggeving
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07/29MFE-MEDIAFOREUROPE N.V. : UPDATE ON THE EXECUTION OF THE SHARE BUYBACK PROGRAMME FOR THE PERIOD 25 – 29 JULY 2022
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MFE secures control of 83% of Mediaset Espana after tender offer

07/07/2022 | 01:02pm EDT
The headquarters of Mediaset Espana is seen outside Madrid, Spain

MILAN (Reuters) - Italy's top commercial broadcaster MFE-MediaForEurope has secured control of around 83% of its Madrid-listed TV subsidiary Mediaset Espana's capital, data from Spain's stock market regulator CNMV showed on Thursday.

Previously known as Mediaset and controlled by the family of former Italian Prime Minister Silvio Berlusconi, MFE launched in May a cash and share offer for the 44% stake in Spanish broadcaster it does not already own.

The takeover bid has been accepted for 85.3 million shares, representing 61.45% of the shares to which the bid was addressed, and 27.23% of Mediaset Espana's share capital, regulator CNMV said.

MFE also waived the minimum acceptance condition it had set in its initial offering, CNMV added.

The broadcaster offered 2.16 euros on top of 4.5 newly-issued ordinary A shares for each Mediaset Espana share.

MFE CEO Pier Silvio Berlusconi told reporters last week the broadcaster would press ahead with its plan to consolidate its Spanish business through a merger.

The offer was part of MFE's ambition to consolidate the European TV industry, seen as the answer to increasing challenges posed by streaming giants and online advertising platforms to traditional broadcasters.

(Reporting by Elvira Pollina, Yann Morell Y Alcover, writing by Andrea Mandalà, editing by Cristina Carlevaro and Emelia Sithole-Matarise)


© Reuters 2022
All news about MFE-MEDIAFOREUROPE N.V.
08/05MFE-MEDIAFOREUROPE N.V. : Update on the execution of the share buyback programme for the p..
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08/03MFE MEDIAFOREUROPE N : Jaarlijkse financiële verslaggeving
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07/29MFE-MEDIAFOREUROPE N.V. : UPDATE ON THE EXECUTION OF THE SHARE BUYBACK PROGRAMME FOR THE P..
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07/29MFE-Mediaforeurope N.V. commences an Equity Buyback for 464,411,243 shares, representin..
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07/20MFE MEDIAFOREUROPE N : Launches the share buyback programme
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07/14MFE MEDIAFOREUROPE N : Change in the share capital of mfe-mediaforeurope n.v.
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07/13MFE-MEDIAFOREUROPE N.V. : Settlement of the voluntary and totalitarian tender offer over t..
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07/08MFE MEDIAFOREUROPE N : Voluntary and totalitarian tender offer over the shares of mediaset..
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07/07MFE-MEDIAFOREUROPE N.V. : Voluntary and totalitarian tender offer over the shares of media..
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Financials
Sales 2022 2 884 M 2 929 M 2 929 M
Net income 2022 273 M 277 M 277 M
Net Debt 2022 845 M 858 M 858 M
P/E ratio 2022 5,26x
Yield 2022 10,5%
Capitalization 1 324 M 1 345 M 1 345 M
EV / Sales 2022 0,75x
EV / Sales 2023 0,70x
Nbr of Employees 4 919
Free-Float 10,3%
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Technical analysis trends MFE-MEDIAFOREUROPE N.V.
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Mean consensus HOLD
Number of Analysts 12
Last Close Price 0,61 €
Average target price 0,94 €
Spread / Average Target 54,7%
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Managers and Directors
Pier Silvio Berlusconi Deputy Chairman & Chief Executive Officer
Simone Sole Head-Finance & Administration
Marco Giordani Chief Financial Officer & Executive Director
Fedele Confalonieri Chairman
Niccolò Querci Executive Director, Manager-HR & Operations
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