ProSiebenSat.1 Moves Towards Simplified Structure and Strategic Ownership

ProSiebenSat.1 Media SE has approved a proposed agreement with General Atlantic, acquiring its minority stakes in NuCom Group and ParshipMeet Group while planning the sale of Verivox. This decision by the Executive and Supervisory Boards aims to streamline the group structure and strengthen ProSiebenSat.1's position.

The agreement includes a EUR 10 million cash component and the transfer of approximately 5.9 million treasury shares, with a fixed EUR 50 million exit participation for General Atlantic upon ProSiebenSat.1's exit from ParshipMeet Group. The sale of Verivox is crucial to closing this transaction.

General Atlantic will now directly hold its 28.4% stake in flaconi, with ProSiebenSat.1 retaining a 71.6% majority stake. The company expects full control over strategic decisions post-transaction, facilitating asset divestment and strategic flexibility.