GERMANY - Permira exits Premiere
Permira is selling its stake in German pay-TV broadcaster Premiere. The transaction, which involves Permira's remaining 8.44% stake, is valued at approximately EUR 88m.
The financial investor originally acquired 65.13% of the shares in February 2003 and has steadily reduced its stake in Premiere after the heavily oversubscribed IPO in March 2005.
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