Monday, April 04, 2011

Dual track started for selling off Ziggo

Warburg Pincus and Cinven apparently have entered the dual track: besides shopping Ziggo to Liberty Global, they are now also looking at an IPO. The company's value could be around the rather familiar EUR 7 billion level. Liberty Global is out of cash, after buying KBW, and may be forced to sell more assets before it could turn to Ziggo.

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