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Mediaset raises stake in ProSiebenSat.1

Increases share from 15.1 to just under 20 per cent

Mediaset has raised its stake in ProSiebenSat.1 to just under 20 per cent as it moves forward with its plans to create pan-European TV platform MediaForEurope (MFE).

The Italian company increased its stake in ProSiebenSat.1 from 15.1 per cent, putting pressure on the German group’s chief executive Max Conze for a closer tie-up with Mediaset.

The stake includes Mediaset Espana’s 9.75 per cent share and Milan-based Mediaset’s 9.6 per cent.

The Berlusconi-owned company is seeking to persuade ProSiebenSat.1 to join MFE, despite an ongoing court dispute with minority shareholder Vivendi.