Liberty Global sale talks with Vodafone focus on Germany, eastern Europe
Negotiations between Liberty Global [Nasdaq:LBTYA] and Vodafone [LON:VOD] are centred on the sale of cable assets Liberty owns in Germany and assets in eastern Europe, the Financial Times reported. Sources briefed on discussions said the talks are at an early stage.
The assets understood to be under discussion have an approximately EUR 14bn enterprise value, not taking into account any control premium, the item reported, citing figures from Olivetree Securities analysts.
Vodafone confirmed yesterday, 2 February, that it was discussing a potential deal with Liberty Global to acquire unspecified overlapping assets in continental Europe.
The original report appeared in the Financial Times, page 1