Business & Finance

Activist investor Amber Capital backs MFE’s push for changes at ProSieben

09 April 2024, 2:52 am 1 minute

Reuters exclusively reported on Amber Capital backing a proposal to break up ProSiebenSat.1 made by the German broadcaster’s top investor MFE-MediaForEurope. Amber is the first significant investor to publicly support the proposal, which will be put to a shareholder vote later this month.

Market Impact

ProSieben shares rose to their highest since late August on the report.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceMedia

Regions: Europe

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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