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ProSiebenSat1 shares spike after Reuters report on owner exit

ProSiebenSat1 shares spike after Reuters report on owner exit

Shares in German broadcaster ProSiebenSat1 rose 3.7 percent on Jan 28, making it the second biggest midcap gainer, after a Reuters report about the exit plans of its owners. Sources had told Reuters that private equity firms KKR and Permira are mulling a sale of their ProSiebenSat1 shares by the fourth quarter. The news was immediately picked up by websites of major news groups like Sueddeutsche Zeitung.

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