ProSieben CEO stresses importance of supervisory board vote

div classBodysc17zpet90 cdBBJodivpBERLIN Reuters – ProSiebenSat.1 Chief Executive Rainer Beuajean underscored how important it is for shareholders to cast a vote for the supervisory board amid tension with its top investor, MediaForEurope MFE, over the boards composition.p

pPreviously known as Mediaset and controlled by the family of former Italian Prime Minister Silvio Berlusconi, commercial broadcaster MFE said has built a stake of more than 25 in ProSieben as part of a European growth strategy and could influence voting in the case of low stakeholder presence. pdivdivdiv classBodysc17zpet90 cdBBJodiv

pCiting the companys focus on local content in order to differentiate from international streaming providers, Beaujean said that while “consolidation seems like an easier way forward, its not that right one, as there are no relevant, transnational synergies”.p

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pp Reporting by Klaus Lauer, Writing by Miranda Murray Editing by Madeline Chambersp

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