KKR builds 5.2% stake in ProSieben, says company undervalued

📆 11/05/2020 11:39 p. m.

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Private equity investor KKR said on Monday it had acquired a stake of 5.2 per cent in German broadcaster ProSiebenSat.1 Media , returning as an ...

📆 11/05/2020 11:39 p. m.
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BERLIN: Private equity investor KKR said on Monday it had acquired a stake of 5.2 per cent in German broadcaster ProSiebenSat.1 Media, returning as an investor in the company it had backed from 2006 to 2014.

"We have decided to reinvest into ProSiebenSat.1 based on our belief that markets are currently undervaluing the company," a KKR spokesman told Reuters."We view this as a financial investment."

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KKR builds 5.2per cent stake in ProSieben, says company undervaluedPrivate equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an ...
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