Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Italy authority expects to conclude review of EU court Mediaset ruling soon - sources

Published 09/09/2020, 14:25
Updated 09/09/2020, 14:30
© Reuters. FILE PHOTO: The Mediaset tower is seen at the headquarter in Cologno Monzese, near Milan

MILAN (Reuters) - Italian communications authority AGCOM has begun a review of a ruling by a top EU court into a dispute between France's Vivendi and Italian broadcaster Mediaset that could bring an overhaul of Italy's communications laws, sources said on Wednesday.

The Court of Justice of the European Union ruled last week that an Italian law which forced Vivendi (PA:VIV), Mediaset's (MI:MS) second-biggest shareholder, to freeze most of its voting rights in the Italian group violated EU rules.

A person close to the matter said AGCOM had begun reviewing the ruling and expected to reach a conclusion shortly.

© Reuters. FILE PHOTO: The Mediaset tower is seen at the headquarter in Cologno Monzese, near Milan

AGCOM hopes to clarify in 10 days whether the Italian antitrust law is still in force after EU court ruling, the sources added.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.