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

9 April 2024, 12:00 am

1 min read

FILE PHOTO: The logo of German media company ProSiebenSat.1 is seen in front of the headquarters in Unterfoehring near Munich, Germany, November 5, 2020. REUTERS/Andreas Gebert/File Photo

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.