By Mauro Orru 
 

Mediaset SpA (MS.MI) said on Monday that Vivendi SA (VIV.FR) launched a legal proceeding in the Netherlands to stop the creation of MediaForEurope, Mediaset's planned pan-European media and entertainment holding company.

The Italian broadcasting company said Vivendi is seeking an injunction on the planned merger between Mediaset's Italian and Spanish operations to create Mediaset Investment NV, a Dutch holding, which Mediaset will rename MediaForEurope.

A hearing will take place on Feb. 10 at a court in Amsterdam, Mediaset said.

The announcement comes just days after Mediaset shareholders backed amendments to the articles of association of MediaForEurope as well as terms and conditions for special voting shares to be issued for the planned merger.

Mediaset had barred Simon Fiduciaria--an asset trust which holds a 19.9% stake in Mediaset on behalf of Vivendi--from exercising its voting rights at the meeting.

The French company said Friday that "the new plan has only gained approval because of the unlawful refusal to allow Simon Fiduciaria to vote."

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

January 13, 2020 12:13 ET (17:13 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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