FRANKFURT Dec 14 German media group
ProSiebenSat.1 said on Friday it had agreed to sell
its North-European operations to Discovery Communications
and that intends to return part of the proceeds to
shareholders though dividend payments.
The company said the agreed enterprise value of the
operations it was selling was 1.325 billion euros ($1.73
ProSieben said it intends to propose a dividend payment of
about 5.60 euros per share after completion of the sale, which
is expected in the first quarter.
In 2012, the company paid a dividend of 1.17 euros per
preference share and 1.15 euros per common share.