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Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland

Monday 14 October 2019 | 09:31 CET | News
Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and subsequent subscription of newly issued shares in the capital increase to finance the acquisition of UPC Switzerland. This was a demand of some Sunrise shareholders, who found the price of the takeover too high, and called for Liberty Global to share in the risk of merging the two operators. 

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Categories: Fixed
Companies: Liberty Global / Sunrise / Swisscom / UPC / Weko
Countries: Switzerland
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