Liberty Global increases share in provider Telenet to 93.23 percent – IT Pro – News

Liberty World acquires a big a part of Telenet’s remaining shares. Liberty will personal 93.23 % of the Belgian supplier. That’s lower than the 95 % because it mentioned earlier and subsequently a brand new provide have to be made for the supplier from August.

Liberty World elevated with the acquisition its majority curiosity in Telenet. Liberty buys 34,676,001 shares. The investor already had an curiosity of about sixty % in Telenet. That has now risen to 101,018,038 shares, or a share of 93.23 of the entire.

The worth for a share is 21 euros, after deducting a gross dividend of 1 euro per share. Which means Liberty World can pay round EUR 880 million for Telenet.

Liberty World initially wished to take over Telenet utterly. That may occur if the shareholders agreed to a takeover of greater than 95 % of the shares. That has now failed. That’s the reason, in keeping with Liberty World, a brand new shopping for spherical will observe in August through which buyers can once more contemplate whether or not they wish to promote the remaining shares.

The American investor Liberty World, which is a shareholder of VodafoneZiggo within the Netherlands, is already making an attempt since 2013 to totally take over Telenet. Ten years in the past, the corporate provided 35 euros per share, however that was thought of too low on the time.