Mediaset does not exclude acquisitions, selling non-core assets

Industry:    2020-06-24

Mediaset does not rule out future acquisitions to grow or a sale of non-core assets, the Italian broadcaster said in a response to investor questions on Tuesday ahead of a shareholder meeting on June 26.

“Mediaset pursues its growth objectives, in the areas considered strategic, through organic growth and extraordinary moves … (the company does) not rule out any new potential acquisitions in the future,” the company said, adding it regularly assesses market opportunities and initiatives that can create long-term value.

“In the same way (the company) could consider selling activities that are non-core or considered no longer core for the group.”

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