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ProSiebenSat.1 slides after profit drop

Shares in German broadcaster ProSiebenSat.1 continued to fall in value yesterday after its private equity-backed parent company announced it suffered a 63% drop in consolidated net profit last year.

Shares in partially-listed ProSiebenSat.1, which is backed by US buyout house Kohlberg Kravis Roberts and European firm Permira, fell from a one-month high last Wednesday of €15.50 to €13.10 at close of trading on Tuesday.

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