Ziggo sells additional 32m shares

Dutch cable company Ziggo has confirmed it is selling a further 32 million shares following its launch on the Amsterdam stock exchange earlier this year.

Private equity companies Cinven and Warburg Pincus, the two biggest shareholders in Ziggo, are releasing the shares.

At the launch, just 21.7 per cent of the company was up for sale, which raised over €800 million. Now another 14.5 per cent is being sold, in the form of 29 million shares plus an over-allotment option of three million.

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