Liberty Global takes 100% of Chile’s VTR

Liberty Global has acquired the remaining 20 per cent of the outstanding shares in both VTR GlobalCom VTR Wireless. Liberty Global purchased these shares in Chile’s largest cable operator from a subsidiary of Corp Group Holding Inversiones Limitada in exchange for 10.1 million Liberty Global Class C ordinary shares.

Mike Fries, Chief Executive Officer of Liberty Global, said: “Based on the solid foundation we have developed with Corp Group over the last few years, VTR will now enter its next phase of growth in the dynamic Chilean market. We would like to thank Alvaro Saieh Bendeck, his son Jorge Andres Saieh and the Saieh family for their ongoing support and the strong relationship and success we have built together.”

Posted by on Mar 17 2014. Filed under Articles, Business, M&A.

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