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Italy's Mediaset launches takeover bid for masts group EI Towers

Reuters  |  MILAN 

By Stephen Jewkes and Paola ArosioMILAN (Reuters) - Italy's biggest commercial broadcaster, Mediaset, has joined forces with infrastructure fund F2i to launch a takeover bid for EI Towers, the companies said on Monday.Together with F2i, the Milan-based TV group, which already owns 40 percent of EI Towers, has offered 57 euros per share for the rest of the Italian masts group.The bid represents a premium of 19.2 percent to the weighted average of prices in the six months preceding the announcement, F2i said in a statement.The group is worth 1.4 billion euros ($1.6 billion) based on Monday's ...

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First Published: Tue, July 17 2018. 13:14 IST