Axel Springer AG Intends to Sell ProSiebenSat.1 Stake

Axel Springer Aktiengesellschaft intends to conclude a purchase agreement with fellow shareholder KKR/Permira on the sale of its indirect stake in ProSiebenSat.1 Media AG (12 percent each of the ordinary and preference shares). The purchase price for the shares amounts to a total of Euro 509,359,881.60 (average Euro 19.40 per ordinary and preference share).

Archive notice: This article was originally published on December 11, 2007. Links and embedded videos are preserved as part of the historical record.

The transaction is subject to various conditions precedent, including clearance of the transaction by the Commission on Concentration in the Media (KEK) and final payment by the buyer’s banks of the portion of the purchase price intended for debt financing.