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General

Former Virgin execs set up telecom, media investment company

Thursday 5 March 2015 | 09:37 CET | News
Eamonn O'Hare, Virgin Media's finance director before it was acquired by Liberty Global, has set up Zegona, an investment vehicle looking to acquire ailing telecom, media and technology companies on the European market with enterprise values of GBP 1-3 billion, the Financial Times reported. The management team will also include Robert Samuelson, Virgin's former strategy chief. Zegona plans to build a small portfolio of large businesses, targeting poorly performing companies that it thinks are undervalued, with a view to unlocking significant long-term returns through business improvements.

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Categories: General
Companies: Liberty Global / Virgin Media
Countries: Europe
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