Private equity firms set for possible Ziggo exit

BRUSSELS, April 26 Fri Apr 26, 2013 2:12am EDT

BRUSSELS, April 26 (Reuters) - Ziggo NV said on Friday that shareholders Cinven, Warburg Pincus and their co-investors had launched an accelerated bookbuild offering that could see them end their investment in the Dutch cable group.

The two private equity firms and co-investors would sell 27 million shares, with a potential further 7.2 million, and could mark their exit from the group after cutting their stake to a combined 17 percent last month.

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