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General

Altice faces legal action from SFR minority shareholder

Monday 19 June 2017 | 11:30 CET | News
Asset management company CIMA (Charity & Investment Merger Arbitrage) has started legal action against Altice for misuse of corporate assets with regard to its subsidiary SFR, in which CIMA is a minority shareholder, reports Les Echos. The case, which will be heard by the Tribunal de Grande Instance in Paris, centres on the decision by Altice to make SFR liable for the entirety of the EUR 80 million fine inflicted on the group in November 2016 for 'gun-jumping' practices. CIMA filed a complaint arguing that half of the fine should be incurred by Altice.

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Categories: General
Companies: Altice Europe / SFR
Countries: France
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