MFE allied with a French industrialist on the M6-sources dossier | Photo credits: M6 group
MILAN, Sept 23 (Reuters) – Italian television group MediaForEurope has teamed up with a French industrialist to submit a non-binding offer to buy RTL Group’s stake in M6, two close sources said on Friday. folder.
The French ally of MFE is currently not present in the television sector, the same sources added, without further details.
RTL, a subsidiary of the German media and publishing giant Bertelsmann, expected indicative offers for its 48.3% stake in M6 no later than Friday after the merger project between the latter and TF1 was abandoned last week.
Previously known as Mediaset, MFE is controlled by the family of former Prime Minister Silvio Berlusconi and listed on the Milan Stock Exchange.
RTL and Bertelsmann are advised by the bank JPMorgan. (Report Elvira Pollina, French version Marc Angrand, edited by Sophie Louet)