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MXC Capital Limited ORD NPV

MXC Capital Limited Joint Venture with Liberty Global

MXC CAPITAL LIMITED ORD NPV (LON: MXCP), the technology focused merchant bank, has today announced that it has signed a joint venture agreement with Liberty Global Europe 2 Limited (a wholly owned subsidiary of Liberty Global plc (“Liberty Global”), the world’s largest international TV and broadband company). The parties intend to work together with a view to building an IT services provider focused on small and medium sized business customers within the UK.

The newly established joint venture company will initially seek to undertake a series of acquisitions in order to create an enterprise of size and scale, taking advantage of MXC’s knowledge and understanding of the market, Liberty Global’s existing network and solutions, as well as the opportunities both parties see to consolidate what remains a fragmented market.

The joint venture company will be owned by both parties equally, will be called MXLG Acquisitions Limited and each party will appoint two directors to the board of the company.