UNTERFÖHRING (dpa-AFX) - ProSiebenSat.1 rejects the demand by MFE, the major Italian shareholder controlled by the Berlusconi family, for a split-up of the German group. ProSiebenSat.1 Supervisory Board Chairman Andreas Wiele told Deutsche Presse-Agentur: "It is difficult for us to see any positive aspect of this spin-off."

In the opinion of the Executive Board and Supervisory Board, the MFE demand is not in the interests of all other shareholders, the media group also announced on Wednesday in Unterfohring near Munich. The Annual General Meeting is on April 30. There, shareholders will vote on all proposals, including those of Media for Europe (MFE).

MFE wants to split its core TV and streaming business as well as other business areas such as dating portals and trading platforms into two listed companies in order to focus more strongly on TV./rin/DP/jha