Italian media company MFE-MediaForEurope has confirmed its voluntary public takeover offer for shares in German broadcaster ProSiebenSat.1, with an offer price of €5.74 per share.
This valuation, determined as the three-month volume-weighted average price (VWAP) of ProSiebenSat.1 shares, was calculated by Germany’s Federal Financial Supervisory Authority (BaFin) and represents the statutory minimum price.
Under the proposed deal, ProSiebenSat.1 shareholders who tender their shares will receive a mixed consideration consisting of €4.47 in cash and 0.4 newly issued MFE A shares per ProSiebenSat.1 share. Based on MFE A shares’ three-month average closing price of €3.18 on the Euronext Milan Stock Exchange, this share component is valued at €1.27, bringing the total offer to the €5.74 statutory minimum price.
The move comes as part of MFE’s broader strategy to increase its stake in ProSiebenSat.1. The company announced its intentions on 26 March 2025, with plans to strengthen its presence in the German-speaking market.
The offer will be formally launched once the required offer document is approved by BaFin. Upon approval, the document, along with further details about the takeover process, will be published on MFE’s website. The initial acceptance period for the offer will begin after publication.
