Barclays Discloses 14.2 Holding in Ziggo

By Edward B. Doong

Mar 22, 2013 11:17 AM EDT

Barclays was pushed to declare a 14.2 percent stake in Dutch cable firm Ziggo after it failed to find enough buyers for the shares in a sale that it ran this week.

Barclays' holdings would comprise the shares in the Dutch cable company that are held across all part of the bank's business.  

The bank had offered Ziggo a higher price than the other rivals despite the fact that it was not involved in the listing of the logo firm.

Recently, Ziggo announced that a 20% percent stake in the company was sold by private equity firms Warburg Pincus and Cinven.

Barclays is not the first bank to declare a stake following a place. In November last year, HSBC divulged a 5.4% stake in Spanish travel technology company Amaedus after running a share sale. 

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