MILAN/MADRID -Industrial TV agency MediaForEurope (MFE) stated on Monday it had elevated by 16.1% the money consideration for its bid for its Spanish-listed subsidiary Mediaset Espana.
In an announcement, MFE added that the share consideration was unchanged and stated Mediaset Espana was now recommending MFE‘s improved provide.
MFE, beforehand generally known as Mediaset, stated it could provide 4.5 of its extraordinary A shares and a pair of.16 euros in money, up from beforehand 1.860 euros for every Mediaset Espana share.
Managed by the household of former Italian Prime Minister Silvio Berlusconi and previously generally known as Mediaset, earlier this yr MFE introduced a money and share provide for the 44% stake in Mediaset Espana it doesn't already personal.
MFE additionally stated it is going to file with the Spanish regulator the request for authorisation of the modification of the provide no later than June 7.
The media group has additionally purchased a stake of greater than 25% in German media group ProSiebenSat.1 as a part of its European enlargement technique.
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