Overview

• PPF tendered its roughly 15.7% holding to MFE, taking the Italian group from about 43% to near 60%, with the additional acceptance period running to September 1 and results expected around September 4.
• PPF said it failed to win enough shareholder support to act as a strategic counterweight and will unwind its own offer for ProSiebenSat.1.
• Culture State Minister Wolfram Weimer plans to meet MFE chief Pier Silvio Berlusconi as journalist groups urge safeguards for editorial independence and job protection.
• Crossing 50% allows MFE to fully consolidate ProSiebenSat.1 and assume more than €1 billion of its debt, while a domination and profit‑transfer agreement would require a 75% shareholder majority.
• Shares of MFE rose roughly 6–8% in Milan and ProSiebenSat.1 gained about 2–3% in Frankfurt following the announcement.