43.57% stake in ProSiebenSat.1 secured by MFE ahead of additional acceptance period; PPF concludes offer with a 18.41% stake
Unterföhring, August 18, 2025. MFE-MEDIAFOREUROPE N.V. ("MFE") today formally announced the results of the initial acceptance period of the voluntary public takeover offer to the shareholders of ProSiebenSat.1 Media SE. Additionally, PPF IM LTD (“PPF”), an indirect subsidiary of PPF Group N.V., also formally announced today the final results of its partial acquisition offer.
Following the end of the initial acceptance period of the MFE offer on August 13, 2025, 24:00 hours (CEST), MFE has secured a total stake of 43.57% of ProSiebenSat.1 shares through its voluntary public takeover offer, previously held shares by MFE and acquisitions made outside the offer.
ProSiebenSat.1 shareholders, who have not yet accepted the offer, can still tender their shares during the additional acceptance period, which will commence on August 19, 2025, and end on September 1, 2025, 24:00 hours (CEST). The final results of the MFE offer will be formally announced on September 4, 2025. Based on the closing share price of MFE-A shares at the Milan Stock Exchange of August 15, 2025, the MFE offer consideration consisting of 1.3 MFE-A shares and EUR 4.48 in cash per ProSiebenSat.1 share has an implied value of approx. EUR 7.99.
Following the end of the acceptance period of the PPF offer on August 13, 2025, 24:00 hours (CEST), PPF has secured a total stake of 18.41% of ProSiebenSat.1 shares through its partial acquisition offer and previously held shares by PPF. The PFF offer has expired and cannot be accepted any further.
Bert Habets, Group CEO of ProSiebenSat.1 Media SE: "MFE and PPF have been important shareholders of ProSiebenSat.1 for a long time. With their offers, they have underscored their long-term investment and commitment to our company. We will now wait for the end of the additional acceptance period for MFE's offer, which will provide clarity about the future shareholder structure."
The PPF offer is expected to settle until August 28, 2025, at the latest, while the MFE offer will be completed following the end of the additional acceptance period and receipt of merger control clearance in the US (if required).