M&A
confidence high
sentiment neutral
materiality 0.75
Liberty Global completes acquisition of Vodafone's 50% stake in VodafoneZiggo for €1B cash + 10% equity
Liberty Global Ltd.
- Acquired Vodafone's 50% stake in VodafoneZiggo for €1.0B cash (subject to locked-box adjustments) and issuance of 10% Class B shares in Ziggo Group.
- Ziggo Group now owns 100% of VodafoneZiggo; Vodafone holds minority equity interest in Ziggo Group.
- Entered into shareholders' agreement with Vodafone, including governance provisions and minority protections; Vodafone can appoint a director if spin-off not completed within 18 months.
- Liberty Global plans to distribute its entire equity interest in Ziggo Group to shareholders and list on Euronext Amsterdam (Spin Transaction).
- Financial statements and pro forma information to be filed by amendment within 71 days.