Branson cuts Virgin Media stake to 6.5%

Balances share derivatives arrangement with Credit Suisse

LONDON-- Richard Branson's Virgin Group has cut its stake in Nasdaq-listed U.K. cable company Virgin Media from 10.5% to 6.5% the company said at the market close in New York Thursday.

In an SEC filing the company said it had used the stake to balance a share derivatives arrangement with Credit Suisse.
comments powered by Disqus