(ANSA) - Milan, February 26 - Shares in Rai Way were lower in early trading Thursday amid concerns over a proposed purchase by a Mediaset-controlled firm.
Rai Way shares were down by 1.48% mid-morning, trading at 3.99 euros.
One day earlier, the Italian government warned that the proposed deal with Mediaset's EI Towers exceeded limits set last year on the purchase of shares in Rai Way, which controls transmission towers and antennas for State broadcaster RAI.
The government has said RAI must retain 51% ownership of Rai Way while EI Towers, controlled by Mediaset, wanted to purchase two-thirds.
The proposed deal involving a company controlled by Mediaset, owned by ex-premier and media mogul Silvio Berlusconi, triggered a firestorm of controversy when it became public on Tuesday.
If it were to succeed, the deal will be worth about 1.2 billion euros.
Rai Way shares fall amid concerns over 1.2 bn euro deal
Govt has warned that limit set on ownership in 1.2 bn euro deal