ProSiebenSat.1 Media SE

M&A Activity • Apr 20, 2011

News Details

Ad-hoc | 20 April 2011 03:39

ProSiebenSat.1 Media AG: ProSiebenSat.1 sells TV and print operations in the Netherlands and Belgium to international media consortium

ProSiebenSat.1 Media AG / Key word(s): Strategic Company Decision

20.04.2011 03:39

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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ProSiebenSat.1 sells TV and print operations in the Netherlands and Belgium
to international media consortium

Munich, April 20, 2011. The ProSiebenSat.1 Group has agreed to sell its TV
and print operations in the Netherlands and its TV business in Belgium to a
consortium consisting of leading international media groups. The consortium
comprises Sanoma Corporation and Talpa Holding N.V. for the Netherlands,
and Sanoma Corporation, Corelio N.V. and Waterman & Waterman CVA for
Belgium. The respective share purchase agreements were signed today. The
production business of the ProSiebenSat.1 Group in the Netherlands and
Belgium is not included in the transaction and will remain part of
ProSiebenSat.1 Group. The transaction relating to the Netherlands is
subject to merger clearance.

The total enterprise value underlying both transactions is Euro 1.225
billion. This represents a multiple of 10.6 times for all assets, based on
a full-year 2010 adjusted EBITDA of Euro 115 million for these operations.
The transactions will significantly reduce net financial debt and financial
leverage of the ProSiebenSat.1 Group.

The sale of operations in Belgium and the Netherlands was the result of a
comprehensive strategic review conducted by ProSiebenSat.1 in its Belgian,
Dutch and Nordic markets. The Nordic businesses remain portfolio assets of
the Group. This strategic review is now completed.

Julian Geist
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 51
Fax +49 [89] 95 07-911 51
E-mail: Julian.Geist@ProSiebenSat1.com

Katrin Schneider
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 64
Fax +49 [89] 95 07-911 64
E-mail: Katrin.Schneider @ProSiebenSat1.com

Press release online:
www.ProSiebenSat1.com

20.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ProSiebenSat.1 Media AG
Medienallee 7
85774 Unterföhring
Deutschland
Phone: +49 (0)89 9507-1151
Fax: +49 (0)89 9507-1184
E-mail: julian.geist@ProSiebenSat1.com
Internet: www.prosiebensat1.com
ISIN: DE0007771172
WKN: 777117
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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