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Sell-off may hand Austar to Malone.(UnitedGlobalCom to acquire stakes in Austar United Communications Ltd. from Castle Harlan Australian Mezzanine Partners Proprietary Ltd)(Brief Article)
Australasian Business Intelligence, February, 2005 by West, Michael
Feb 09, 2005 (The Australian - ABIX via COMTEX)
US company, UnitedGlobalCom (UGC), could gain control of Australian pay TV company, Austar. Australian private equity group, Castle Harlan Australian Mezzanine Partners (CHAMP), wants to sell its stake in Austar. Together, UGC and CHAMP own 81.5 per cent of Austar. It is thought that CHAMP will sell part of its holding on the market and part to UGC, which is owned by US media entrepreneur, John Malone. Austar posted a net profit of $A1.8 million for 2004, lower than for the previous year. However, EBITDA and revenue increased.
Publication Date: 10 February 2005
AUSTAR UNITED COMMUNICATIONS LIMITED
- ASX AUN:
CASTLE HARLAN AUSTRALIAN MEZZANINE
PARTNERS PTY LTD:...
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