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.
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Twitter backtracks on block feature after users revolt
- Pope attacks mega-salaries and wealth gap in peace message
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes