VOO draws up shortlist of potential buyers

21 Jul 2021

A shortlist of suitable bidders to acquire a majority stake in Belgium cable operator VOO has now been drawn up by parent company Nethys, La Libre Belgique reports. In the first phase of the sale process, investment bank Rothschild analysed around 20 offers on the basis of various criteria, including the proposed price, financial soundness, planned investment and guarantees regarding jobs. Extensive negotiations will now continue with a limited number of candidates with a view to completing the sale by late October. The names of the interested bidders and shortlisted candidates were not disclosed, however.

As previously reported by TeleGeography, prospective buyers were invited to bid for a majority stake in the operator of either 50% plus one share or 75% minus one share, enabling Nethys to retain a blocking minority holding.

Belgium, VOO