Nethys expects final offers for Belgium’s VOO this month

13 Oct 2021

Belgian utility group Nethys is expecting to have received final offers from buyers for a majority stake in local cableco VOO by the end of this month. The group has begun negotiations with a ‘limited’ number of candidates, La Libre writes. Nethys will then enter exclusive talks with a prospective purchaser with hopes that a deal can be worked out by the end of the year. A stake of either 50% plus one share or 75% minus one share is up for grabs, enabling Nethys to retain a blocking minority holding. Among those linked as potential buyers are local telcos Orange and Telenet, plus three investment funds, including the American firm Warburg Pincus.

Belgium, VOO