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Ziggo shareholders sell another 14.5% stake

Tuesday 31 July 2012 | 11:10 CET | News
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The shareholders of Dutch cable operator Ziggo announced plans to sell another 14.5 percent stake in the company in a secondary public offering. The decision comes just four months after Ziggo's initial public offering of shares, when Cinven and Warburg Pincus sold 25 percent of the company. Since then, the share price has risen over 28 percent. The shareholders said the offer size was increased from an original 18 million shares to 29 million due to strong investor demand. The offering was priced at EUR 23.50 per share, a small discount to the previous closing price of 24.76. Gross proceeds

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Categories: Fixed
Companies: Ziggo
Countries: Netherlands
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