Liberty Global exec says it may make further German buys (translated)
Liberty Global, the London-headquartered cable company, is interested in more acquisitions in Germany, Boersen-Zeitung reported.
In an interview with the German-language daily, Lutz Schueler, managing director of the German operations, said growth opportunities in the country are still good. Liberty Global's Senior Vice President Andrea Salvato said in the same interview that the company is likely to make more investments in Germany. While non-organic growth opportunities are limited, he said, the company looks at every possibility to build up its German business.
Salvato said Liberty Global looks at private German companies that are possible takeover candidates. Schueler said he does not expect problems with competition regulators in the event of more German acquisitions. Salvato dismissed the suggestion that current market prices for companies being sold are excessive.