KKR, Permira sell remaining stake in ProsiebenSat.1

FRANKFURT Thu Jan 16, 2014 1:18pm EST

FRANKFURT Jan 16 (Reuters) - ProsiebenSat.1 shareholder KKR said on Thursday that it would divest the remaining shares it holds jointly with Permira in the German broadcaster.

The two buy-out firms would place the 36.3 million shares or about 17 percent they own in ProSiebenSat.1 in an accelerated bookbuilding process with institutional investors that will start immediately, KKR said in a statement.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.