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Broadband

Altice completes 40% acquisition of Numericable

Friday 7 February 2014 | 09:26 CET | News
Investment company Altice has completed its acquisition of 12.4 million additional shares of French consumer and business ISP Numericable, representing 10 percent of outstanding shares. The stock was bought from funds affiliated with Cinven, a Carlyle group company. The purchase is pursuant to a previously announced agreement to buy at EUR 25.58 per share, for a total consideration of approximately EUR 317 million in cash. As a result, the Altice Six fund now holds 40 percent of Numericable, including those subject to call options granted to the fund by some existing shareholders. Altice also

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Categories: Fixed / Internet
Companies: Altice Europe / Completel / Numericable
Countries: France
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