Ziggo sells 32 million more shares

Cable company Ziggo is selling a further 32 million shares following its launch on the Amsterdam stock exchange earlier this year, the company reported on Tuesday.


Private equity companies Cinven and Warburg Pincus, the two biggest shareholders in Ziggo, are releasing an extra 32 million shares.
At the launch, just 21.7% of the company was up for sale, which raised over €800m. Now another 14.5% is being sold, in the form of 29 million shares plus an over-allotment option of three million, reports the Telegraaf.
The new buyers will be institutional companies. Private individuals will have to trade on the open market.
Ziggo’s share value fell at the news.

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