The Amsterdam Court of Appeal has set the price at which minority shareholders in Ziggo Holding must sell to Liberty Global.

The Enterprise Chamber determined €39.78 to be the fair “squeeze-out” price. All the minority shareholders must now transfer their shares to Liberty, which acquired Ziggo last year.

Shareholders have until May 13, 2015 to transfer their shares to the new company.

Ziggo’s combined network now reaches 90% of the Dutch population