KKR’s bet on ProSiebenSat.1 Media pays off

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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