This is the story of a cable firm who decide to launch a successful IPO. Let call it Ziggo. Will they end in Liberty Global Mouth?
Listed in March 2012, Ziggo raised €925m. A year after, large stakeholders Cinven and Warbug Pincus took their profit. The stock has a good ride, up 17%.
Here come the facilitator: Barclays was chosen for the block trade… But it has to keep the shares. Shit happens. €700million in the book. The investors were not so interested at that time. Is it the end of the story?
The UK Bank has to disclose its 14% stake in Ziggo. Liberty Global come to the rescue. They bought it and “a little bit” more during the summer. With nearly 30% of Ziggo shares, Liberty Global goes for the takeover.
is still playing.