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RTL Group doesn’t deny M6 sale reports

Parent company Bertelsmann is believed to be looking to sell M6 for around €3 billion

RTL Group has issued a statement following reports its parent company Bertelsmann is considering selling its controlling stake in French broadcast group M6.

According to Reuters, Bertelsmann has already approached potential buyers including France’s Vivendi and Altice Europe. It is reportedly aiming for a deal around €3 billion.

Bertelsmann controls the M6 Group through its subsidiary RTL Group.

In a statement, RTL Group said: “RTL Group notes the recent speculation about a potential transaction involving RTL Group’s controlling stake in Groupe M6. RTL Group would like to state that it has repeatedly said that there is a strong case for consolidation in the European broadcasting sector.

“RTL Group reviews such options on an ongoing basis with a view to creating value for its shareholders. There can be no certainty that this may lead to any type of agreement or transaction,” added the statement.

Reuters adds that both TF1 Group and Italy’s Mediaset have also been approached, along with Czech billionaire Daniel Kretinsky, who owns a stake in German broadcaster ProSiebenSat.1.