Ziggo to sell off another 14.5% stake in secondary offering

31 Jul 2012

Shareholders in Dutch cable operator Ziggo have announced plans to sell off another 14.5% stake in the firm via a secondary public offering, Telecompaper writes without citing its sources. The announcement comes four months after the cableco’s IPO, when majority owners Cinven and Warburg Pincus sold 25% of the company. Since then, Ziggo’s share price has climbed by over 28%. Upon completion of the secondary offering, the two private equity firms will see their combined stake in Ziggo fall to 58.4% from 72.9% previously.