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Mediaset and F2i launch bid for EI Towers, spur sector tie-up hopes

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 masts group EI Towers, in a move widely expected to spur further consolidation in the sector.F2i and Mediaset, which already owns 40 percent of EI Towers, have offered 57 euros per share for the group, valuing it at 1.61 billion euros ($1.89 billion). The masts sector has attracted investors looking for infrastructure assets that offer steady returns thanks to companies' multi-year hosting contracts. Analysts also see ...

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First Published: Tue, July 17 2018. 17:07 IST