ProSieben puts online drugstore Windstar Medical up for sale – sources

By Arno Schuetze and Klaus Lauer

FRANKFURT, Sept 30 (Reuters)German TV broadcaster ProSiebenSat.1PSMGn.DE has put its online drugstore Windstar Medical up for sale as it streamlines its technology investments, people close to the matter said.

The profitable retailer of over-the-counter drugs could be valued at around 250 million euros ($293 million), including debt, in a potential deal, the people said.

Non-binding offers for the unit are due shortly with mostly private equity groups expected to show interest in the start-up with some 100 employees, they said.

ProSieben said it announced in March 2020 that it would examine all existing investments to see whether there are clear synergies with its core business, adding that it would assess in each case whether it is the best owner for individual companies.

ProSieben, under new management, is looking to raise money from asset sales after the reign of former CEO

Read More Read more