KKR’s bet on ProSiebenSat.1 Media pays off

ProSiebenSat1_PA_575_375
By Aidan Gregory
13 Jan 2021

US private equity group KKR has cut the size of its stake in ProSiebenSat.1 Media, the German media company, raising €148.50m.

The sale, which consisted of 11m shares, a 4.7% stake, was launched after the market close in Frankfurt on Tuesday evening.

Citigroup was sole bookrunner.

At the €13.50 offer price, the sale gave investors a 4.5% discount to the closing price of ProSiebenSat.1 Media on the ...

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