Italy's MediaForEurope shines after PPF sells stake in Germany's ProSieben

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** B-shares in Italian broadcaster MFE-MediaForEurope MIL:MFEA rise as much as 6.1% after Czech investment group PPF said late on Wednesday it would sell its stake in ProSiebenSat.1 XETR:PSM to the TV group owned by Italy's Berlusconi family** "This is very positive news, marking the success of MFE's operation on Prosieben," brokerage Intermonte says in a note** "Given that the first tender period closed with MFE holding 43.6%, PPF's contribution raises MFE's stake in ProSieben to at least 59%, enabling it to gain control of and consolidate the German broadcaster," Equita brokerage says** According to Intermonte, the best-case scenario is materialising for MFE, now it can aim to achieve maximum synergies with a lower execution risk** Equita adds "we believe the consolidation with ProSieben is strategically sound"** By 08:09 GMT, co's Milan-listed B-shares up 6.7%, while its A-shares MIL:MFEA rise 7.2% while ProSiebenSat.1 is up 2.3%

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