CorpGroup To Buy VTR Stake For USD333m

22 Jan 2010

Glass container producer, Cristalerias de Chile, is selling its 20% stake in cable TV and broadband provider, VTR, according to The Wall Street Journal. CorpGroup, owned by the Chilean Saieh family, will pay USD333.2 million for the stake. The transaction will be paid in full in pesos on 19 May 2010, as per the agreement. The remainder of VTR is owned by Liberty Media through its international subsidiary, UnitedGlobalCom.

Chile, VTR