RTL CEO sees good interest in Groupe M6 stake

RTL SA

30/03/2021 08:48

BERLIN, March 30 (Reuters) - Talks on broadcaster RTL's
 RRTL.DE  stake in France's Groupe M6  MMTP.PA  are making
progress and there is good interest from several interested
parties, CEO Thomas Rabe told reporters on Tuesday.
    "This process is continuing," Rabe, who also heads RTL's
parent company Bertelsmann  BTGGg.F , told a news conference on
the German publisher's annual results. "It won't take for ever."
    RTL is exploring the sale of its 48% stake in Groupe M6 as
part of its push for in-country consolidation in the European
broadcasting industry, with sources saying that Vivendi  VIV.PA 
and Bouygues  BOUY.PA  are among the bidders.  urn:newsml:reuters.com:*:nL8N2LA181
    Privately held Bertelsmann earlier reported that its core
profit rose to 3.1 billion euros ($3.6 billion) from 2.9 billion
euros last year, despite a 4.1% decline in group revenue to 17.3
billion euros.  urn:newsml:reuters.com:*:nS8N2DR018
 ($1 = 0.8522 euros)

 (Reporting by Douglas Busvine, editing by Kirsti Knolle)
 ((douglas.busvine@tr.com; +49 30 220 133 562;))