German cable Primacom to be sold

German MSO Primacom is reportedly about to be put up for sale. Investment bank Jeffries is understood to be looking for a buyer for the cabler, which is worth an estimated US$500 million. The bank will send the relevant information to interested parties next month, according to wire reports. The cabler completed a refinancing deal in early 2011 following its takeover by investment group Medfort, which in turn followed Primacom’s parent company filing for insolvency.

Tags: Germany, Primacom