Liberty Global and Ziggo making good progress on takeover

Liberty Global and Ziggo are “making good progress” on preparations for the takeover by the former of the latter, the pair have confirmed.

Liberty Global expects to submit a request for review and approval of its offer to the Dutch financial markets regulator the AFM by April 21 at the latest, the company said. This is the deadline under which a submission must be made under Dutch law.

Liberty Global made its statement to conform with Dutch law, which requires a public announcement within four weeks of an intended public offer.

Liberty agreed the takeover of Ziggo at the end of January, in a deal that valued the Netherlands’ largest cable operator at about €10 billion.