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ProSiebenSat.1 owners make more cash available

The private equity owners of ProSiebenSat.1 have agreed to make up to €140m of extra cash available to the German broadcast group, according to German press reports.

KKR and Permira have reportedly agreed in principle to the cash injection with the details to be finalised within weeks. The money would be used to meet debt obligations should there be shortfalls in the ProSiebenSat.1’s advertising revenues.