Prosiebensat 1 Media AG: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
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KKR & Co LP Permira Sell $1 Billion Stake In ProSiebenSat.1 Media AG-Reuters
Reuters reported that KKR & Co LP and Permira, the controlling owners of ProSiebenSat 1 Media AG, are selling a quarter of their stake in the German free-to-air broadcaster, the two private equity firms said. The accelerated bookbuilding process for an 11% stake that is worth roughly EUR800 million ($1.05 billion) will start immediately, the investors said in a joint statement. They are hoping to sell the shares at around 31 euros apiece, a discount of roughly 4% to Tuesday's closing price of EUR32.29, a source familiar with the transaction told Reuters. After the placement, KKR and Permira will retain a combined stake of 33% in ProsiebenSat.1. They will use the proceeds from transaction to repay debt at the level of Lavena Holding 1, the investment vehicle which owns the ProsiebenSat.1 shares and is held jointly by KKR and Permira.
Latest Developments for Prosiebensat 1 Media AG
- ProSiebenSat 1 Media AG raises FY 2014 revenue outlook and comments on FY 2015 revenue target - Reuters
- ProSiebenSat 1 Media AG confirms FY 2014 outlook
- ProSiebenSat 1 Media AG reaffirms FY 2014 guidance - Conference Call
- ProSiebenSat 1 Media AG agrees refinancing of existing senior secured loans comprising 2.6 billion euros
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