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Mediaset to merge Italy and Spain units into Netherlands-based holding company

2019-06-10 09:09:00| Telecompaper Headlines

(Telecompaper) Italian commercial broadcaster Mediaset has announced the creation of a new Netherlands-based holding company and confirmed its intention to create a pan-European television hub. The corporate overhaul sees the merger of Mediaset SpA and Mediaset Spain into a new holding company called MediaforEurope (MFE), based in the Netherlands, with its tax base in Italy and listed on both the Italian and Spanish stock exchanges. MFE will control 100 percent of Mediaset SpA and Mediaset Spain as well as the recently acquired 9.6 percent stake in German broadcaster ProSiebenSat1.

Tags: company italy spain units

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