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Liberty Global on track for spin off of Latin American arm

FLOW's parent Liberty Global says it remains on track for a spin-off  of  its Latin American arm by the end of  the year, as it readies the division for an expected industry shake-up in the region.
 
The move to split Liberty Global, predominantly a European cable company, and LiLAC, which comprises the merged Cable & Wireless Communications and Columbus networks comes as the company prepares for the next stage of  consolidation in regions where it operates.
 
The demerger would also allow the regional entity to raise capital independently of  the broader group and clear up Liberty Global’s complex structure.
 
The regional entity was created in 2015 ahead of  the £5.4 billion takeover of  Cable & Wireless Communications.
 
The deal was largely paid for in Liberty Global stock.


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