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Article: Chile : Liberty Global offers US$260mn for 20% outstanding shares in VTR.
- Article from:
- TendersInfo
- Article date:
- November 6, 2009
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Byline: pinto03
Cable TV and media group Liberty Global (Nasdaq LBTYA) has offered US$260mn for the remaining 20% it does not own in Chilean triple play company VTR, according to a filing sent to Chile's securities regulator SVS.
Local conglomerate Cristalerias de Chile, part of the Chilean financial group Claro, currently owns the 20%. On September 3, local brokerage Celfin Capital offered 167bn pesos (US$303mn) for the stake. The offer was accepted by Cristalerias de Chile.
However, according to the filing, a shareholders agreement between Grupo Claro and Liberty Global dating back to 2005 obliges Claro to give Liberty first choice in buying ...