Hints and tips:
...Telefónica Deutschland shares fell 2 per cent to €2.94....
...Mr Li will pay for the deal by splitting the consideration between two of his holding companies — Cheung Kong Property and CK Infrastructure — which will own 65 per cent and 35 per cent, respectively....
...CK Infrastructure is 76-per cent owned by Mr Li’s parent company, CK Hutchison Holdings, and is chaired by his elder son Victor....
...Telefónica Deutschland reported a 13.5 per cent increase in core profit, in the second quarter....
...With an enterprise value of eight times its ebitda, Telefónica Deutschland offers no better than an average valuation compared to its European peers....
...TRW shareholders and regulators must first approve the deal, which was unveiled on Monday....
...Vodafone is progressing with a €7.7bn bid to acquire Kabel Deutschland, a group that Liberty had also registered interest in buying....
...Since reports last week that Vodafone was considering a bid for Germany’s largest cable provider, Kabel Deutschland (KDG) shares have gained 7 per cent....
...Kabel Deutschland, the German cable company being eyed for takeover by Vodafone, has ditched the purchase of a regional rival after market watchdogs warned the move would hamper competition in the country...
...An exit from BSkyB – perhaps accompanied by sales of Sky Italia and Sky Deutschland – could allow it to pivot from distribution to content at a time when pay-TV platforms face growing digital competition...
...Early in 2011, Simfy struck a deal with Kabel Deutschland, Germany’s largest cable operator, in much the same way as French rival Deezer works with France Telecom elsewhere in Europe....
...Michael Psaros, KPS’s co-founder and co-managing partner, said the business was one of the three largest in its market, where it competes mainly with Germany’s Continental and TRW of the US....
...Approval will reduce the number of big cable groups in Germany from four to three, with Tele Columbus boasting 2m basic subscribers, the combined Unitymedia and Kabel BW 7m, and Kabel Deutschland 12m....
...One source said Liberty was “very confident” of gaining antitrust approval, even though a combined Unitymedia and Kabel BW would leapfrog Kabel Deutschland to be Germany’s biggest operator by sales and profits...
...microcontrollers go into larger components produced by “tier one” car suppliers, works with nearly all the industry’s big groups, including Germany’s Bosch and Continental and US-based Delphi, Visteon, and TRW...
...Assuming regulators give their OK, the combined entity will surpass Kabel Deutschland to become the German market leader by revenues....
...Last year, Kabel Deutschland was floated by Providence. In the 12 months since, its share price has risen 73 per cent....
...Kabel Deutschland, a larger German rival, has also indicated it is interested....
...Making use of good stock market conditions at the start of the year, Providence halved its stake in Kabel Deutschland to 22 per cent, having floated it last year....
...John Malone’s Liberty Global, rival cable group Kabel Deutschland and a number of private equity groups have emerged as bidders in the €2.5bn-€3bn ($3.4bn-$4.1bn) auction of Kabel Baden-Württemberg, Germany...
...Kabel Deutschland (KDG), Europe’s largest cable company, is set to cut debt faster than markets expected and would like to absorb two smaller domestic rivals, said Adrian von Hammerstein, chief executive...
...Now, a mechanism is already in place to sell the holding to the Albert Ballin consortium (Kuehne Holding AG / City of Hamburg) that doesn’t kick in until 2012....
...But now, Kabel Deutschland, Germany’s biggest cable operator, has called off talks with private equity suitors and reverted to its original IPO plans worth up to €1bn for two-fifths of the company....
...Now, private equity buyers have submitted high-roller bids for Kabel Deutschland, Germany’s biggest cable operator....
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