Bid target ProSieben extends CFO contract until 2029
Published by Global Banking & Finance Review®
Posted on September 1, 2025
1 min readLast updated: January 22, 2026
Published by Global Banking & Finance Review®
Posted on September 1, 2025
1 min readLast updated: January 22, 2026
ProSiebenSat.1 extends CFO Martin Mildner's contract until 2029 amid MFE-MediaForEurope's takeover bid, despite opposition from MFE.
MILAN/BERLIN (Reuters) -German broadcaster ProSiebenSat.1, which is set to be taken over by MFE-MediaForEurope, said on Monday that it has extended Chief Financial Officer Martin Mildner’s contract until 2029.
A person familiar with the matter told Reuters MFE-MediaForEurope, controlled by Italy's Berlusconi family, was against extending Mildner's contract. A spokesperson for MFE declined to comment.
MFE is set to take a majority stake in ProSiebenSat.1 after the group's second-largest investor said it would tender its stake to MFE as part of a cash-and-share bid valuing the German group at 1.8 billion euros.
The offer ended on Monday, with final results due on September 4.
"I am very much looking forward to continuing our close and trusting cooperation together with Martin," ProSieben CEO Bert Habets said in a statement.
MFE CEO Pier Silvio Berlusconi is due to meet Germany's culture minister Wolfram Weimer on Tuesday in Berlin, after Weimer expressed concerns over MFE taking over the group.
(Reporting by Elvira Pollina in Milan and Klaus Lauer in BerlinEditing by Tomasz Janowski)
The CFO of ProSiebenSat.1 is Martin Mildner, whose contract has been extended until 2029.
MFE-MediaForEurope, controlled by the Berlusconi family, is set to acquire a majority stake in ProSiebenSat.1.
Germany's culture minister, Wolfram Weimer, expressed concerns over MFE taking over ProSiebenSat.1.
The final results of the acquisition bid are due on September 4.
ProSieben CEO Bert Habets expressed his eagerness to continue a close and trusting cooperation with Martin Mildner.
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