ProSieben Sells Belgian, Dutch Assets for $1.8B

German broadcaster ProSieben, which is owned by buyout shops Kohlberg Kravis Roberts & Co. and Permira, has sold its Belgian and Dutch assets to a consortia led by Finnish media group Sanoma, Reuters reported. The company will use the proceeds of the $1.8 billion sale to pay down debt. Cleaning up its balance sheet is seen as a precondition to a potential exit by owners KKR and Permira, Reuters reported.

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