RTL, Europe's largest broadcast content production company, is to go public later this month.
The company, which was created earlier this year when Pearson, Bertelsmann and GBL merged their television and radio interests, is to list 10% of its equity on the London stockmarket. Trading in the stock will start on July 26.
A further 5% of the company is likely to be made available to investors later on in the year. Following the initial placing, Pearson will own 22% of RTL while Bertelsmann's broadcast arm CLT-Ufa and GBL will hold 37% and 30% respectively.
RTL has made two senior management appointments ahead of the listing. Juan Gallo, chairman of Spanish company Alcaliber, is to become non-executive chairman while Martin Taylor, the former chief executive of Barclays, is to become a non-executive director.
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