September 10, 2019 / 5:07 PM / a month ago

Vivendi denies report of Mediaset takeover plan

MILAN, Sept 10 (Reuters) - A spokesman for Vivendi denied on Tuesday a media report about a plan by the French media group to buy the Berlusconi family’s controlling stake in Italian broadcaster Mediaset at a steep premium.

Italian website Lettera43 reported Citigroup had approached former Prime Minister Silvio Berlusconi on behalf of Vivendi to offer to buy the family’s 44% stake in Mediaset at more than 3.5 euros a share, well above Tuesday’s closing price of 2.78 euros.

“Vivendi denies the L43 report,” a spokesman said.

Citigroup declined to comment.

In a separate statement, the Berlusconi family’s holding company Fininvest said it had never considered selling its stake in the country’s top commercial broadcaster. (Reporting by Elvira Pollina, writing Valentina Za, editing by Francesca Landini)

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