Kabelaar Ziggo goes to the stock exchange, as the company has announced. The company hopes with the money it collects with the ipo, continue to grow. It is not known when the hallway to the fair should take place.
There are going to be for years, rumors that Ziggo to the stock market wants. The now confirmed ipo would be possible an exit strategy from the current owners of the company, Cinven and Warburg Pincus, are. “Ziggo is fully prepared for a standalone future,” said Andrew Sukawaty, chairman of Ziggo, “The ipo was always a strategic priority and it will be an important milestone for Ziggo.”
The money that Ziggo retrieves with the ipo, according to ceo Bernard Dijkhuizen be used for the ‘growth strategy’ to support. Ziggo was created from the merger of @Home, Casema and Multikabel. Cinven and Warburg names of these companies between 2004 and 2006.
Ziggo generated in 2011 a turnover of 1.48 billion euro. The profit amounted to 178.3 million euros, while in 2010 in a loss ago. Ziggo saw the number of customers over the past years grow considerably, with the 2011 many of the new digital tv and telephony customers were introduced.
Last week popped up in the rumor at Liberty Global, owner of UPC, Ziggo wants to take over. This would be the largest part of the Dutch kabelaanbod in the hands of a single company.