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UPC owner increases Ziggo stake to 28.5%
2013-07-27 13:46:00| Telecompaper Headlines
(Telecompaper) Owner of Dutch cable operator UPC Netherlands, Liberty Global has increased its stake in Dutch cable network operator Ziggo from 18.2 percent to 28.5 percent on 25 July of this year, according to a 8-K filing at the SEC on 26 July. Ziggo's Supervisory Board and the Board of Management have noted the increase and in a statement said that they will continue to act in the best interests of its stakeholders in assessing steps made by Liberty Global while continuing to focus on executing Ziggo's strategy. The stake increase consists of 17.5 million Ziggo shares which financed entirely through a loan linked to the hedging transaction that is secured by Ziggo shares.
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Category:Telecommunications