Freshfields takes the lead as Liberty Global continues telecoms charge

What with the IPO market taking flight, and a couple of massive pharma deals hogging the spotlight, it’d be easy to forget that for many companies it’s business as usual.

Natalie Stanton

In the world of telecommunications, Liberty Global is continuing its gradual march across Europe. Having already hoovered up the likes of Dutch cable company Ziggo and indie producer All3Media, it has now added a 6.4 per cent chunk of ITV to its collection.

The company once again turned to Freshfields Bruckhaus Deringer on that latest £481m acquisition, while the seller British Sky Broadcasting sought advice from its go-to firm Herbert Smith Freehills.

Meanwhile, the Co-op Group has been keeping its legal advisers busy, as it continues to digs deep in the effort to plug its £1.5bn capital hole. Following the split from its banking arm last year, the Group has sold off its string of 774 pharmaciesto retail group Bestway for £620m.

Manchester-based Co-op instructed Addleshaw Goddard on corporate aspects of the sale, with fellow long-term adviser Allen & Overy taking the lead on pensions and banking aspects. Hogan Lovells won the mandate from its client Bestway.

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