The Board of Directors of Arnoldo Mondadori Editore S.p.A., held today, granted to the CEO the power to proceed with the offer received by R.T.I. S.p.A., a company fully owned by Mediaset S.p.A., in relation to the acquisition of 80% of Monradio S.r.l., a company wholly owned by Arnoldo Mondadori Editore S.p.A. controlling R101 radio.
The offer includes a period of exclusivity until maximum 20 September 2015.
The signing of the preliminary agreement is subject to the outcome of the due diligence and to the approval by the competent boards of the Mediaset Group.
The transaction, defined as a related party transaction, is subject to the provisions set out in Consob Regulation 17221 of 12 March 2010, as subsequently amended (“Consob Regulation”) and to the relative procedures adopted by Arnoldo Mondadori Editore S.p.A. and Mediaset S.p.A.