May 24, 2022

Wire Service Canada

Complete Canadian News World

The rise of Mfe and Prosieben in the German currency and the write-off of a subsidiary in Spain

Mfe-Mediaforeurope Move on collectibles abroad. tv group, Previous Mediasetannounced that he did exceed 25% Voting rights In the German group Prosiebensat1 And now a running board of directors for Evaluation of Affiliate Mediaset Espana’s Strategies. Mfe announced that it has crossed the threshold of 25% of the voting rights of Prosiebensat.1 Media through purchases on the stock market in view of the shareholders’ meeting, which will be held on May 5 to renew part of the members of the Supervisory Board. . Earlier this month, the company asked German antitrust firm Bundeskartellamt for a mandate to override a 25% stake in the German conglomerate, and now it could reach 29.9%, the maximum takeover bid.

Mfe looks at Prosipensate 1 K An ally in its project to unite the European public television market, also with the aim of countering the expansion of giants such as Netflix and Amazon. It aims to rely on the next meeting of shareholders, both in terms of management and strategies.

Meanwhile, the Mfe Board of Directors is currently in the process of evaluating its strategy on participating in Mediaset Spainof which it owns 55.7%. According to press leaks, Mfe can go ahead with the acquisition of the shares of the subsidiary that it is not yet in possession of and then proceed with the delisting. In Piazza Avary, Mfe B stock jumped 4.54% and Mfe A rose 1.39%. On the Madrid Stock Exchange, CNMV, the Spanish company Consob suspended trading on Mediaset Espana, and it was frozen by 2.3%, while in Frankfurt, Prosiebensat1 gained 3.22%.

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