Mfe opens cooperation with Ppf on Prosiebensat. Berlusconi: 'Forward on the European project'
The Opa on the German company was among the topics of the evening presentation of Mediaset's programme schedules. In which from the adman Pier Silvio Berlusconi came the endorsement of the premier Meloni and the cold assessment on Ius scholae. The Striscia la Notizia knot
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Key points
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Possible collaboration with Ppf on Prosiebensat. "Absolutely yes looking forward. It is a financial, strong entity. But all this only after the conclusion of the takeover bid and provided they espouse our pan-European project. We are aiming at that, not at controlling a German company'. These are the words of Pier Silvio Berlusconi, in response to a precise question on the possible developments in the match on the German subsidiary in which the Cologno group is the first shareholder with over 30% and the Czech holding company is the second shareholder.
Both groups launched a takeover bid: totalitarian Mfe (EUR 5.74 between cash and shares); up to 29.99% (at the threshold of the launch of the mandatory total takeover bid) Ppf with EUR 7 cash per share. "Honestly, we did not understand the reason why they moved in this way. I also tend to see it as an act of respect towards us. But not being able to confront each other, mine are only suppositions'.
«Rilancio? Anything is possible"
So is the relaunch to be taken for granted? 'It is one of the options, not the only one. Everything is possible," replies the CEO and vice-president of Mfe-Mediaforeurope (the name that the Cologno group has given for some years now to the holding company that controls Mediaset and Mediaset Espana in order to better witness and manage the expansion project beyond the borders).
The most common expression regarding the Prosiebensat affair is 'chess game'. After all, the cards are covered and even during the programme schedule presentation evening they are not revealed. But some firm points seem to emerge from the reasoning of the Mediaset group's number one. First of all, that it will not be a game brought 'forward at any cost'. Which, Pier Silvio Berlusconi points out, 'does not mean that we are giving up. Quite the opposite. We believe in the European project and we will go ahead, in Germany or elsewhere. But first and foremost in Germany'. Where Mfe has invested, according to calculations made by analysts, 730 million to rise to the current quota. With the banks having financed the transaction on Prosiebensat to the tune of 3.4 billion. 'It's not a question of money,' he repeats himself.
Influence on Prosiebensat
.The subject is Ppf's intentions. Which, however, is faced with the idea of Mediaset: 'We do not want a controlling majority,' Pier Silvio Berlusconi points out, 'but to have sufficient influence to direct Prosiebensat's choices. Here the reasoning stops and one can only rely on interpretations. And one scenario, for example, could be that of a mini-raise with respect to the 7 euro proposed by Ppf to go up just enough to not go above 50% (with the need therefore to consolidate Prosiebensat's debt, which stands at 1.5 billion) but to direct the company's strategy even with Ppf at 29.9%.



