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Liberty Global buys 12.65% stake in Ziggo

Thursday 28 March 2013 | 09:05 CET | News
Liberty Global has acquired a 12.65 percent stake in Ziggo, the Netherlands' largest cable operator. Liberty, which already owns the second-largest cable operator UPC Netherlands, bought 25.3 million shares in Ziggo from Barclays for EUR 25 each. Barclays was left with the shares after Ziggo's shareholders Warburg Pincus and Cinven recently sold down their stake in the company in a secondary offering. Liberty said it considered the acquisition a strategic investment as well as a financial gain, given Ziggo's expected 7.4 percent dividend yield this year. Liberty Global is funding the

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Categories: Fixed
Companies: Liberty Global / UPC Netherlands / Ziggo
Countries: Netherlands
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