COLOGNE, Germany -- There has been a shareholder shuffle at German producer-distributor Senator Entertainment. HSW, the investment group headed by new Senator bosses Helge Sasse and Marco Weber, on Thursday announced a deal to buy up Senator shares controlled by Deutsche Bank and various institutional investors with ties to the Bank. HSW picked up 4.5 million shares in Senator along with a call option for 1.6 million more, or 30% of the company's stock. HSW has sold off the bulk of the new shares to private investors. Consultant Roland Berger took a 10% stake in Senator, making him the company's single largest shareholder. Former Bertelsmann CEO Thomas Middelhoff, now a Senator board member, boosted his stake and now controls 4.75% of Senator. Other new investors include Senator board members Wolf Dieter Gramatke and Arnold Bahlmann.
- 10/19/2006
- The Hollywood Reporter - Movie News
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