He doesn't agree on the methodology. Okay. We understand him. I mean, we understand what he stands for, we are only worried about time, because the world around us is not really waiting. If he's right, we are 15% shareholders, and the share price will go up and we will be happy.

Chief Financial Marco Giordani

Categorized in : Company News

As far as ProSieben is concerned, we are the largest shareholder with 15%, and if Max is able to deliver his plan in time we are happy because we will benefit from the share price increase, if you like, we are self-protected.

Chief Financial Marco Giordani

Clearly for us it's not a final step. We would hope to see others joining the project, we are sure that that's the best way for the shareholders to get the value of the larger scale.

Chief Financial Marco Giordani

The market around us is not waiting for full democracy, we prefer not to be perfect but to have full alignment of interests and execution.

Chief Financial Marco Giordani

Having said that, there are no intentions to launch a tender offer. It is more a defensive move than an offensive move.

Chief Financial Marco Giordani