Private equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.
FILE PHOTO - Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., August 23, 2018. REUTERS/Brendan McDermidBERLIN: Private equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.
"We have decided to reinvest into ProSiebenSat.1 based on our belief that markets are currently undervaluing the company," a KKR spokesman told Reuters."We view this as a financial investment."
Source: News Formal (newsformal.com)
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