Prague-based PPF Group has acquired a 9.1% stake in German broadcaster ProSiebenSat.1 Media.

The international investment group, that’s also the parent company of CME, said: “PPF is looking forward to liaising with the management and supervisory board of ProSieben in this digitalisation process. PPF is an active investor in the telecommunications, media, and technology (TMT) sectors. PPF’s Central European Media Enterprises operates several television and online media companies in Central and South-eastern Europe.”

PPF is controlled by the widow of its founder Peter Kellner and has TMT investments across 25 countries. Berlusconi’s MFE is the largest shareholder in ProSiebenSat.1 with 29%.

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Categories: Articles, Business, M&A

Tags: germany, PPF, Prosieben, ProSiebenSat.1