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Spanish court upholds block on Mediaset merger plan

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A regional court in Madrid has upheld the suspension of broadcaster Mediaset&#03...

), a major shareholder in Mediaset, is fighting the project in courts across Europe. Vivendi, led by French billionaire Vincent Bollore, says the governance structure of the new entity would strengthen Berlusconi’s grip on the company.

Mediaset’s Spanish unit Mediaset Espana appealed the suspension but the Madrid regional court rejected its appeal.BUMPY ROAD But a Spanish commercial court, which will hear the wider case filed by Vivendi against the Mediaset reorganization plan, will take MFE’s bylaw changes into account when it rules on the merits of the case.

A third source said that the court had given Vivendi up to five more days to submit further documents.

 

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