JP Morgan wins Berlusconi's Mediaset ADRs

Mediaset, the broadcasting group controlled by Silvio Berlusconi, the Italian prime minister, has awarded a second American depositary receipt mandate to JP Morgan.

The bank will be the depository for Mediaset's new Level 1 ADR programme, which allows US investors to hold the company's Italian-listed shares. The programme will not enable Mediaset to raise new money.

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