Unitymedia plans partial floatation by 2010

13 Oct 2009

German cable company Unitymedia is planning a partial floatation by 2010, Financial Times Deutschland reports, citing unnamed bankers. The company would be prepared to list in a few weeks, once its private equity owners, BC Partners and Apollo, judge the time right, a media banker told the paper. UBS and Morgan Stanley have reportedly been preparing an initial public offering (IPO) for the past year. Unitymedia’s CEO, Parm Sandhu, declined to comment on the prospects of a flotation, but did say that the owners were under no pressure to move. ‘I have no doubt of the advantages of bringing fresh equity into this business as there is plenty of opportunity for growth,’ he added.

Germany, Unitymedia