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Cinven, Warburg Pincus to further reduce stake in Ziggo

Tuesday 19 March 2013 | 09:33 CET | News
Ziggo shareholders Cinven, Warburg Pincus and their co-investors plan to sell around 40 million shares in the cable provider, bringing their combined stake down to 17.1 percent from 37.1 percent. The private placement will take place as an accelerated bookbuild. The price per share and the final number of shares sold will be determined on completion of the bookbuilding. The private equity companies have been steadily reducing their stake in Ziggo since listing the company in Amsterdam a year ago. They sold large amounts of Ziggo shares in July and October 2012, with the last sale raising

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Categories: Fixed
Companies: Ziggo
Countries: Netherlands
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