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MFE's motion for ProSieben spin off falls just short at AGM
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MFE's motion for ProSieben spin off falls just short at AGM
Apr 30, 2024 9:51 AM

BERLIN, April 30 (Reuters) - A proposal from

ProSiebenSat.1 top investor MFE-MediaForEurope

to split off the German media group's e-commerce and

online dating ventures from its TV operations narrowly failed to

get the required shareholder backing on Tuesday.

Some 70.95% of shareholders voted in favour of MFE's

proposal, falling short of the 75% threshold required for the

motion to pass.

"Although the motion on the spin-off valuation was formally

not passed, more than 70% of the shareholders voted for it," a

spokesperson for MFE said, adding that MFE expects ProSieben

management and the supervisory board to get to work immediately

to increase the value of the company.

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