Liberty Global acquires a 12.65% stake in Ziggo

by bold-lichterman

The American cable operator Liberty Global announced yesterday a stake of 12.65% in its Dutch competitor Ziggo.

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The operation, which amounts to € 632.5 million, enables Liberty Global to strengthen its presence in the Netherlands market, where the cable and satellite television specialist is already represented with UPC, its European subsidiary.

The operation was made possible by the buyback from British bank Barclays of 25.3M shares valued at € 25, after the withdrawals last week of previous shareholders, Cinven and Warburg Pincus.

John Malone’s firm had previously distinguished itself in Europe in early February with the purchase of Virgin Media for $ 23.3 billion.