ProSiebenSat.1 Media SE : KKR acquires 5.2% of the capital, speculative appeal gaining momentum
>A financial investment in the short term but possibly not in the long term - According to Reuters, the private equity fund KKR has acquired a 5.2% stake in Pro7Sat1. The article indicates that this investment is a financial one (and that the fund does not intend to take control of the group). However, intentions of this kind can hold for a while (six months) and may shift depending on the circumstances. Nothing can be ruled out at this stage, in our view. We had disc...ProSiebenSat.1 Media is a holding company engaged as a media corporations in Europe, with TV stations in Germany, Austria and Switzerland. Co.'s core business consists of free TV financed by advertising. Co. also owns an international production network along with digital and ventures portfolio. In addition, Co. is engaged as online seller of video content on the internet. Also, Co. is involved in the online games business and operates an e-commerce portfolio. Through its Red Arrow Entertainment Group, Co. produces international TV programs and sells them to TV stations worldwide. Co. has three segments: Broadcasting German-speaking, Digital & Adjacent and Content Production & Global Sales.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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