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Liberty Global Ltd on Tuesday said it plans to sell an around 5% stake in media company in ITV PLC, cutting its shareholding in half. The Denver, Colorado-based telecommunications firm said its wholly owned subsidiary, Liberty Global Ventures Ltd intends to sell around 191 million shares in ITV to institutional investors by way of an accelerated bookbuild secondary block trade. The share sale would reduce Liberty Global’s stake in London-based media and entertainment company ITV to 5% from 10%. At Tuesday’s closing share price of 74.50 pence, a 5% stake in ITV is worth around £140 million. BNP Paribas and Deutsche Bank AG are acting as joint global co-ordinators and bookrunners in respect of the placing. Liberty Global took a 6.4% stake in ITV in 2014, and increased it to 9.9% a year later. Liberty Global bought its initial holding in ITV from satellite broadcaster Sky in July 2014 for £481 million. Shares in Liberty Global were down 0.9% at $11.11 in New York on Tuesday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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