2023-08-26 15:39:19
TV is no longer linear. Image: Plainpicture
The Prague financial investor PPF is a major shareholder in Pro Sieben Sat.1. Board member Didier Stoessel says how much time he gives to the management of the loss-making station.
You joined Pro Sieben Sat.1 six months ago. Since then, the consolidated loss has increased eightfold to EUR 86 million in the first half of the year, and the share price has fallen by almost 20 percent. Is that a good investment?
Andreas Mihm
Business correspondent for Austria, Central and Eastern Europe and Turkey based in Vienna.
We are long term investors. We started buying shares early on. The position is okay for us today. This also applies to the investment.
What is your share today?
We announced that we have exceeded the threshold of 15 percent in Pro Sieben Sat.1. We did not report that we had exceeded the 20 percent threshold. That means we have between 15 and 20 percent.
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