en.Wedoany.com Reported - The European Commission (EC) has cleared Liberty Global's acquisition of Vodafone Group's 50% stake in the Dutch joint venture VodafoneZiggo, concluding that the deal raises no competition concerns.
After completing a simplified review process, the Commission determined that the transaction would have a very limited impact on the structure of the Dutch market and therefore raised no objections.
In February, Liberty Global announced it had reached an agreement with Vodafone to acquire the latter's entire 50% stake in VodafoneZiggo for €1 billion.
Under the terms of the agreement, Vodafone will instead receive a 10% stake in Ziggo Group. The group will integrate the Dutch operator with Liberty Global's Belgian subsidiary Telenet, and plans to list the new entity on the Amsterdam stock exchange in the second half of 2027. Liberty Global CEO Mike Fries stated during the first-quarter earnings call that the company expects to complete the acquisition of VodafoneZiggo in July.
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