Primacom takes over Dutch Multikabel

Teuton cabler continues buying spree with $350 mil acquisition

BERLIN — German cable operator Primacom announced Tuesday the takeover of the fourth-largest Dutch cable company, Multikabel.

In a deal worth euro 368 million ($350 million), Germany’s third-largest cable company has added a further 320,000 cable households to boost its total hold to more than 1.2 million.

Deal is the latest in a series of acquisitions by Primacom, which recently snapped up two other German cable operators. Company financed the deal through a $912 million credit facility provided by Chase Manhattan Bank and the Bank of America.

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