PPF Group has increased its stake in German media company ProSiebenSat.1 Media from 12 percent to 13.1 percent. Reuters reported this, citing a filing to the regulator today. PPF Group, owned by the family of the late Petr Kellner, is the second largest shareholder in ProSiebenSat.1.
The largest shareholder of the German media company is the MFE company of Italian media magnate and politician Silvio Berlusconi. According to earlier reports, Czech Media Invest (CMI), a company owned by Czech billionaire Daniel Křetínský, also held a 10 percent stake in ProSiebenSat.1. Daniel Častvaj, a member of CMI’s board of directors, told ČTK last December that CMI has only a marginal stake in ProSiebenSat.1.
Media SE is avalible up to 45 million viewers
ProSiebenSat.1 Media SE is the largest private television group in Germany. It operates free-to-air commercial TV channels, pay TV channels, radio stations and press enterprises. The group’s main television channel is ProSieben, or Pro 7 for short, based in Munich. PPF Group already owns the media company CME, which owns the Czech television group Nova. CME is one of the largest media companies in Central and Eastern Europe. It includes 33 TV stations, including pay-TV, which are available to up to 45 million viewers.
PPF Group operates in 25 countries in Europe, Asia and North America in a range of sectors, from financial services to telecommunications, media, biotechnology, real estate and engineering. The group has assets of €40.1 billion and employed 70,000 people globally as of June last year. Petr Kellner was the majority owner of PPF Group until his death in March 2021. Following the approval of the agreement on the distribution of Kellner’s estate, Kellner’s heirs, his wife Renáta and his four children, hold a majority stake of 98.93 percent in PPF Group.
Source: CTK
