German media group ProSiebenSat.1 said on Friday it had agreed to sell its North-European operations to Discovery Communications and that intends to return part of the proceeds to shareholders though dividend payments. The company said the agreed enterprise value of the operations it was selling was 1.325 billion euros ($1.73 billion).ProSieben said it intends to propose a dividend payment of about 5.60 euros per share after completion of the sale, which is expected in the first quarter.In 2012, the company paid a dividend of 1.17 euros per preference share and 1.15 euros per common share.
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA remained unchanged at $60.26. In the past year, the shares have traded as low as $39.33 and as high as $63.20. On average, 1286470 shares of DISCA exchange hands on a given day and today's volume is recorded at 0.
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