Popular HYP share announcements

[idpickering]

The following were announced today, and might prove of interest here;

Liberty Global and Vodafone complete Dutch joint venture, creating a fully-converged national communications operator

" 50:50 joint venture called VodafoneZiggo Group Holding B.V. ("VodafoneZiggo" or the "JV").



· Combining Ziggo's fibre-rich broadband network with Vodafone's market-leading mobile operation creates a stronger converged competitor in the Dutch market, delivering significant benefits for consumers, businesses and the public sector through investment in digital infrastructure and customer experience.



· VodafoneZiggo has combined revenue of over €4 billion with ten million fixed and five million mobile Revenue Generating Units (RGUs)[1] and the fastest-growing B2B business in the market.



· Following the divestment of Vodafone's consumer fixed business "Vodafone Thuis", the estimated net present value of total synergies for the transaction remains around €3.5 billion.



· Following the recapitalisation of VodafoneZiggo[2] and after taking into account the €0.8 billion equalisation

payment by Vodafone, Liberty Global will receive €2.2 billion and Vodafone will receive €0.6 billion in cash payments post-closing."

http://www.investegate.co.uk/vodafone-g ... 00041159T/

LEGAL & GENERAL COMPLETES THE SALE OF COFUNDS AND IPS TO AEGON

"As previously notified on the 11th August 2016, Legal & General Group plc ("Legal & General") has today announced the completion of the sale of Cofunds and IPS to Aegon.

This is the third transaction completed with Aegon by Legal & General. These transactions are the acquisition of Aegon's £2.9 billion annuity back book, the 5 year individual annuity distribution agreement for Aegon pension customers with Legal & General, and the acquisition of Cofunds and IPS by Aegon.

Legal & General's strategy is focused on scalable businesses in growth markets, where it can deliver attractive returns on capital. Legal & General has developed a market leading, scalable, international define contribution business. As Cofunds is at a point it requires significant upgrade in technology to exploit its leadership position, its long-term ownership and growth potential are best achieved under the ownership of a specialist wealth platform provider."

http://www.investegate.co.uk/legal---38 ... 30011223T/