March 12, 2020 / 6:01 PM / 21 days ago

Czech Media Investment increases ProSiebenSat.1 stake

BERLIN, March 12 (Reuters) - ProSiebenSat.1 Media said Thursday a group of Czech and Slovak investors had almost doubled their stake in the company.

Czech Media Investment (CMI), a vehicle for a group led by billionaire Daniel Kretinsky, increased its stake to 10.01% from 5.51%, a filing showed.

The company welcomed the move, a spokeswoman calling it “a nice testament to our strategy”. (Reporting by Klaus Lauer; writing by Tom Sims; editing by David Evans)

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