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Cinven, Warburg Pincus Sell 20% Ziggo Stake for $1.3 Billion

Ziggo NV’s main shareholders, including Warburg Pincus LLC and Cinven Ltd., are selling a 20 percent stake in the Dutch cable-television operator.

The shareholders are selling about 40 million shares, Utrecht, Netherlands-based Ziggo said in a statement. Warburg and Cinven are selling them at 25.05 euros per share, terms of the offer show, valuing the sale at 1 billion euros ($1.3 billion).