New wholesaler: ProSieben share jumps in double digits: US investor KKR joins ProSiebenSat.1 Media | message

—The US investor KKR secured 3.21 percent of the voting rights in ProSieben through a direct stake of 3.21 percent and financial instruments, according to a mandatory announcement by the MDAX Group.

KKR is very active in the German media landscape. Axel Springer SE was removed from the stock market with the help of the US investor, who holds almost half of the group. In addition, KKR, together with media manager Fred Kogel, built up the media company Leonine through a series of acquisitions.

At ProSieben, speculation about the takeover does not abate. The Italian Mediaset group of the Berlusconi family recently increased its voting rights to 24.9 percent. Czech investor Daniel Kretinsky also has a 5 percent stake in ProSiebenSat.1 Media SE.

ProSiebenSat.1 papers shot up 18.8 percent on Tuesday to 11.58 euros on XETRA. Most recently, the plus was 16.67 percent at 11.38 euros.

With Pro7 with Mediaset, the Czech investor Daniel Kretinsky and KKR three sizes are on board, which will cause a lot of speculation and corresponding imagination in the medium term, said a market participant.
Dow Jones Newswires and dpa-AFX