{"id":4574,"date":"2013-04-17T00:00:00","date_gmt":"2013-04-17T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2013\/04\/17\/bertelsmann-sets-price-range-for-rtl-shares\/"},"modified":"2013-04-17T00:00:00","modified_gmt":"2013-04-17T00:00:00","slug":"bertelsmann-sets-price-range-for-rtl-shares","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2013\/04\/17\/bertelsmann-sets-price-range-for-rtl-shares\/","title":{"rendered":"Bertelsmann Sets Price Range for RTL Shares"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">G&Uuml;TERSLOH: Bertelsmann is expecting to bring in as much as 1.6 billion euros ($2.1 billion) from selling off a stake in RTL, having set a price range of 54 to 62 euros per share for up to  25.5 million shares.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">After the closing of the offering, Bertelsmann is still going to retain at least 75 percent of RTL Group&#8217;s share capital. The process is expected to start tomorrow and end on April 29. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Ahead of the listing, RTL&nbsp;Group has released a trading update. It said that its first quarter EBITA for the year is expected to gain by a mid-to-high single-digit percentage year-on-year. This will be primarily driven by Mediengruppe RTL Deutschland. Overall, RTL Group is forecasting that its first quarter revenue will be in line with the strong Q1 2012 figures. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The German TV&nbsp;ad market is estimated to grow by low single digits in the first quarter; Mediengruppe RTL Deutsc<\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><span style=\"font-size: small\"><span style=\"font-family: Verdana\">h<\/span><\/span>land has lost some market share. The Dutch market, which is still in the negative territory, is estimated to be at a similar percentage of decline as the full-year 2012 outcome; RTL Nederland is expected to slightly outperform the market. In France, the conditions are relatively the same as what was seen in the second half of 2012; Groupe M6 is expected to outperform the overall negative market development though. The ad conditions in Belgium have had a difficult start to the year, down a little more than 10 percent. The TV&nbsp;ad markets in Spain and Hungary are also experiencing declines. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">Anke Sch&auml;ferkordt and Guillaume de Posch, co-CEOs of RTL Group, said: &ldquo;We are pleased to announce that RTL Group&rsquo;s first quarter EBITA will be up year-on-year. These good results show the resilience of our business despite the challenging macro-economic picture across Europe. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><span style=\"font-size: small\"><span style=\"font-family: Verdana\">&ldquo;<\/span><\/span>RTL Group has repeatedly proven its ability to generate long-term growth and strong cash flows. With our management team&rsquo;s wealth of industry knowledge, we are creating new growth opportunities around broadcast, content and digital. RTL Group is well positioned to continue to deliver future value for all our shareholders.&rdquo;<\/p>\n<p>&nbsp;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>G&Uuml;TERSLOH: Bertelsmann is expecting to bring in as much as 1.6 billion euros ($2.1 billion) from selling off a stake in RTL, having set a price range of 54 to 62 euros per share for up to 25.5 million shares. After the closing of the offering, Bertelsmann is still going to retain at least 75 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4574","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bertelsmann Sets Price Range for RTL Shares<\/title>\n<meta name=\"description\" content=\"Bertelsmann Sets Price Range for RTL Shares. G\u00c3\u009cTERSLOH, April 17: Bertelsmann is expecting to bring in as much as 1.6 billion euros ($2.1 billion) from selling off a stake in RTL, having set a price range of 54 to 62 euros per share for up to 25.5 million shares.. 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