EQS-Adhoc
ProSiebenSat.1 Media SE approves proposed agreement with General Atlantic on the acquisition of its minority stakes in NuCom Group and ParshipMeet Group together with an intended sale of Verivox
- ProSiebenSat.1 to acquire General Atlantic's stakes.
- Sale of Verivox approved, simplifying group structure.
- Full control over NuCom and ParshipMeet expected soon.
EQS-Ad-hoc: ProSiebenSat.1 Media SE / Key word(s): Strategic Company Decision/Investment ProSiebenSat.1 approves proposed agreement with General Atlantic on the acquisition of its minority stakes in NuCom Group and ParshipMeet Group together with an intended sale of Verivox |
- Executive Board and Supervisory Board pave way for simplification of Group structure and sale of Verivox
- Signing of binding agreements on the two transactions expected shortly
- ProSiebenSat.1 to become sole owner of NuCom Group and ParshipMeet Group through a buy-out of General Atlantic’s minority stake in both entities
Unterföhring, 20 March 2025. The Executive Board and the Supervisory Board of ProSiebenSat.1 Media SE today approved a proposed agreement with General Atlantic on the acquisition of its minority stakes in NuCom Group (excluding flaconi) and ParshipMeet Group in connection with, and subject to, the intended sale of Verivox which was also approved today. The corresponding binding agreements both with General Atlantic and on the sale of Verivox are expected to be signed shortly.
In connection with the intended Verivox sale, ProSiebenSat.1 today agreed with General Atlantic to acquire its entire minority shareholdings in NuCom Group (excluding flaconi) and ParshipMeet Group for a consideration which, amongst others, includes a cash component of EUR 10 million, the transfer of approx. 5.9 million ProSiebenSat.1 treasury shares (corresponding to approx. 2.5% of the company’s share capital and to a current market value of approx. EUR 38 million) to General Atlantic, as well as a fixed exit participation for General Atlantic in the amount of EUR 50 million payable upon an exit of ProSiebenSat.1 from the ParshipMeet Group. In addition, General Atlantic will participate alongside ProSiebenSat.1 in proceeds (if any) from a pending litigation of NuCom Group vis-à-vis a third party; possible claims from such litigation are not yet reflected in ProSiebenSat.1’s accounts.