A possible entry of the US financial investor KKR has pushed the price of the shares of the media group Axel Springer significantly. The papers jumped this morning by more than 20 percent at 54,70 euros. So much had cost them least in the beginning of February.
The media group had confirmed on the eve of talks with the Investor KKR about a strategic stake. The output is currently still open, it said. “This is a positive Surprise for shareholders,” said a trader. You worry for a price recovery, after the papers over a long period of weakness, under a General Sector of traditional media have suffered values. With a new strategic anchor investor Confidence is likely to grow in the market again.
analyst Katherine Tait, Goldman Sachs would not comment on the possible outcome of the negotiations though. Basically, the media group wrote, but the Ambition and also the ability to position his business in the direction of growth, the expert in a study.
dpa
