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Broadband

UPC owner to profit from Ziggo stake

Thursday 28 March 2013 | 14:37 CET | Author: Kamiel Albrecht | Market Commentary
Liberty Global International (LGI), owner of UPC Netherlands, has acquired 12.65 percent of Ziggo, the largest cable network operator in the Netherlands, from Barclays at EUR 25 per share. Barclays came into possession of the shares after Ziggo's majority shareholders Cinven and Warburg Pincus reduced their joint stake from 37.1 percent to 17.1 percent on 19 March 2013. On 25 March, it emerged that Barclays, as underwriter, only sold 5.8 percent of the 20 percent stake in Ziggo, and now LGI has taken 12.65 percent.

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Categories: Broadcast & Satellite / Fixed / Internet
Companies: KPN / Liberty Global / UPC Nederland / Ziggo
Countries: Netherlands
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