Swedish buyout house EQT reaps the rewards and none of the risk from its planned sale of German cable group KBW to Liberty Global (LBTYA.O), even if regulators take their time in scrutinising the deal. Liberty, the U.S. cable firm led by media mogul John Malone, is seeking to add Germany's number-three cable group Kabel Baden Wuerttemberg to Unitymedia, the country's number two player that it already owns. [ID:nLDE72K0NJ] But EQT -- backed by the powerful Wallenberg family -- has passed on all the risk that German and European regulators block the 3.16 billion euro ($4.50 billion) bid to Liberty, and is already reaping a good part of the cash from the sale now.
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