Liberty Global raises stake in Ziggo to 15%

News Broadband Netherlands 30 APR 2013
Liberty Global raises stake in Ziggo to 15%
Liberty Global has increased its stake in Dutch cable operator Ziggo to 15.0 percent, according to a filing with the Dutch securities regulator AFM. Liberty Global first acquired a 12.65 percent stake in Ziggo at the end of March, after Ziggo's shareholders placed a large stake on the market and Barclays was unable to find investors for the shares. The shareholders Cinven and Warburg Pincus sold the week prior to Liberty's latest announcement their remaining shares in Ziggo, in a discounted one-day offering. Liberty Global, which already owns the second-largest cable operator in the Netherlands UPC, said it considers the Ziggo stake a strategic investment.

Categories:

Fixed

Companies:

UPC,  Ziggo,  Liberty Global

Countries:

Netherlands

Tags:

Shareholders & subsidiaries, Cable - Docsis, Internet Access, M&A buyouts & divestments

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Liberty Global vergroot belang in Ziggo tot 15%

Liberty Global heeft haar belang in Ziggo verhoogd tot 15,0 procent, zo blijkt uit gegevens van de AFM. Eind maart kocht Liberty Global een belang van 12,65 procent, nadat Ziggo's aandeelhouders een pakket aandelen via Barclays te koop zetten. Liberty Global, dat eigenaar is van UPC, noemt het belang in Ziggo een strategische investering.

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