Ziggo Remains On Course For IPO

Mike Fries, CEO of Liberty Global, which operates the UPC brand in the Netherlands, has stated in local daily Het Financieele Dagblad that cable rival Ziggo is set to proceed with its plans for an IPO. Previously there were reports that Liberty Global would acquire Ziggo. However, despite buyer interest, Ziggo remains on course for an IPO following the delay of its June 2011 listing due to volatile stock markets. CFW welcomes the news that Ziggo is set to list and we believe the merger of the two largest cable operators would either be blocked by the regulator or subject to strict conditions, therefore eroding the value of the acquisition.

To read the full article, please choose one of the following options: