Private equity firms set for possible Ziggo exit
BRUSSELS, April 26
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.
- Nurse defies Ebola quarantine with bike ride; negotiations fail |
- Suspect in Pennsylvania police ambush captured after seven-week manhunt |
- Global shares jump, yen slumps as BOJ cranks up stimulus |
- Japan's central bank shocks markets with more easing as inflation slows
- Oil price declines have small-cap shale investors scrambling