June 1, 2018 / 9:10 AM / 6 months ago

Billionaire Bollore says Vivendi will keep its investments in Italy

PUTEAUX, France June 1 (Reuters) - Billionaire Vincent Bollore said on Friday that Vivendi, the media group he controls, will keep its investments in Italy, following several setbacks it had experienced in the country.

Vivendi recently lost control over the board of Telecom Italia, following a campaign by U.S. activist fund Elliott.

It is also the second-biggest shareholder of broadcasting group Mediaset, with which it had planned to form an alliance between their respective pay-TV groups. The two groups are in a legal dispute and the plans did not follow through.

“Italy is not a done deal yet,” Bollore said at the annual general meeting of his eponymous conglomerate holding company.

“It’s a deal that will eventually bear fruit,” he added. “I continue to believe that what is going on there is interesting.” (Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by Sudip Kar-Gupta)

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