Liberty deal for Ziggo frees Barclays

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Liberty deal for Ziggo frees Barclays

Barclays on Thursday escaped from a €632.5m, 12.6% position in Ziggo that it acquired when a block trade went wrong as Liberty Global took out the shares at or very close to the bank’s in-price. It was probably involved in financing the deal but others have also been queuing up to be involved since the ABB, said one bank’s head of syndicate.

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