Bertelsmann Raises Gross Proceeds of EUR1.4 Billion With RTL Shares Sale
April 29 2013 - 10:10PM
Dow Jones News
German media group Bertelsmann AG has priced its secondary
placement of shares in broadcaster RTL Group (RTL.BT) at EUR55.50 a
share, amounting to gross proceeds of around EUR1.4 billion, the
company announced Monday.
The offering amounted to 25.5 million existing ordinary shares,
including an over-allotment option of 2.3 million ordinary
shares.
Following the placement, Bertelsmann will hold 75.1% of RTL
Group's ordinary shares, assuming full placement of the
over-allotment option, and remain a majority shareholder of RTL
Group.
Write to Dennis Baker at dennis.baker@dowjones.com
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