MILAN, Dec 4 (Reuters) - MFE-MediaForEurope, the TV
group controlled by Italy's Berlusconi family, has asked a group
of banks for a 3.4 billion euro ($3.6 billion) loan to cover any
financing it may need related to Germany's ProSiebensat.1, a
source told Reuters.
MFE, which own TV operations in Italy and Spain,
has built a stake in ProSieben as part of its plans
to create a pan-European TV champion and better withstand
competition from U.S. streaming giants such as Netflix ( NFLX ).
The source, who has direct knowledge of the matter but spoke
on condition of anonymity as talks are private, confirmed a
report in Italian newspaper Il Messaggero that MFE has asked for
a commitment for a five-year loan by as early as Dec. 5.
MFE, which is ProSieben's single-largest investor behind
Czech investment firm PPF, wants to have the financing ready to
support any potential needs linked to ProSieben in 2025, which
includes a possible buyout offer, the source said.
The source said that while MFE wanted to be ready to move,
any decision was not imminent. MFE declined to comment.
Reuters reported in April that MFE had held talks with
various banks ready to fund a potential bid for ProSieben worth
up to around 4 billion euros.
Il Messaggero said UniCredit had a lead role in the loan,
but the source said the banks are all equally involved.
The lenders working on the loan are Banco BPM, BNP Paribas,
BPER Banca, Deutsche Bank, Intesa Sanpaolo, Mediobanca and
UniCredit, the person said.
It was not immediately possible to reach the banks for
comment.
($1 = 0.9508 euros)