Liberty Global Sells Swedish Cable Unit
A Bloomberg News article, via The Internetional Herlad Tribune, reports that:
Liberty Global, the U.S. company that operates cable television systems around the world, said Wednesday that it would sell its Swedish business for $427 million to a group of private-equity firms, two weeks after announcing a retreat from France.More here.
The business, UPC Sverige, will be acquired by Carlyle Group and Providence Equity Partners, Liberty Global said. These U.S. private-equity firms already own the Swedish cable TV company Com Hem, which they bought in December.
Liberty Global last month agreed to sell its French assets to the private equity companies Altice and Cinven for €1.25 billion, or $1.5 billion. The transactions in France and Sweden, together with the sale in December of its Norwegian business, will net the company gross proceeds of $2.5 billion, Liberty Global said.
posted by Fergie @ 4/05/2006 06:23:00 PM
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