Deals
BlackRock Tells ProSiebenSat.1 of Plans to Increase Stake
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BlackRock Inc. plans to increase its voting stake in German broadcaster ProSiebenSat.1 Media SE over the next 12 months as part of its broader investment strategy.
The company could also choose to sell shares if that’s the best course for clients, according a filing Wednesday. BlackRock is the largest stockholder in ProSiebenSat.1 with 22.8 million shares, representing a 10.4 percent stake.