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Investing.com -- PPF Group, a multinational investment company, said on Monday it intend to increase its stake in Prosiebensat.1 Media to up to 29.99%.
The executive board of Prosiebensat.1 has welcomed the offer from PPF Group.
The acquisition is not intended to establish a controlling interest in the company, nor will it involve the purchase of all outstanding shares.
This indicates that PPF Group is seeking to expand its influence within Prosiebensat.1 without becoming the majority shareholder.
The offer provides an all-cash alternative to a public takeover, which is slated for 8 May 2025.
The acquisition offer is set at a premium of approximately 21% to the implied MFE offer consideration as of 9 May 2025.
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