M6 rises after report main shareholder puts up stake on sale

RTL SA

22/09/2022 12:51

** Shares in M6  MMTP.PA  rise around 5% after a media
report that Bertelsmann  BTGGg.F , owner of the French TV
group's main shareholder RTL Group  RRTL.DE , put up its stake
in M6 for sale  urn:newsml:reuters.com:*:nL4N30T2G6
    ** Financial Times reports that following the failed merger
with larger peer TF1  TFFP.PA , Bertelsmann puts M6 up for sale,
with several European billionaires interested in acquiring the
business
    ** The merger was called off after both French groups said
antitrust requests made the deal irrelevant  urn:newsml:reuters.com:*:nL8N30Q1B1
    ** RTL Group, which is 76.3%-owned by Bertelsmann, holds a
48.3% stake in M6
    ** Reuters has been told by a person familiar with the
matter that preliminary offers for M6 are expected by Friday.
RTL and Bertelsmann did not comment on this
    ** Shares in TF1 rise 5.2%, Bertelsmann gains around 3%,
while RTL slips 0.5%
 (Reporting by Olivier Cherfan, Tristan Chabba)
 ((olivier.cherfan@thomsonreuters.com ;
tristan.chabba@thomsonreuters.com))