DUSSELDORF, Germany — A wholly-owned PRG subsidiary, MHG Media Holdings GmbH, and the majority stakeholders and board of Procon MultiMedia AG agreed for the PRG unit to acquire Procon MultiMedia AG.
The agreement is subject to governmental and other approvals, but Procon’s board and majority stakeholders have agreed to a purchase price of at least EUR 1.30 per share.
Procon’s majority stockholder, Günther Fielmann, along with board members including Morten Carlsson and Christian Möller, agreed to the purchase. The three collectively hold 77.96 percent of the shares in Procon MultiMedia AG.
For more information, please visit www.procon.com and www.prg.com.
