De Brauw advised VodafoneZiggo on the acquisition by Liberty Global of Vodafone Group's 50% shareholding in VodafoneZiggo, making Liberty Global the sole VodafoneZiggo shareholder. Under the terms of the agreements between Liberty Global and Vodafone Group, Vodafone Group will receive EUR 1 billion in cash and a 10% shareholding in Ziggo Group, a newly formed company that will hold Liberty Global's interests in VodafoneZiggo in the Netherlands and in Telenet in Belgium and Luxembourg.

With this transaction, Liberty Global intends to unlock the value of its Benelux operating businesses for shareholders, supported by plans to list Ziggo Group on Euronext in Amsterdam in 2027 and to spin off the 90% held by Liberty Global to its shareholders.

Vodafone and Liberty Global have also agreed that Vodafone will continue to provide certain services, including brand licensing, to VodafoneZiggo.