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General

Altice, Numericable-SFR buy Vivendi's 20% of Numericable-SFR

Wednesday 6 May 2015 | 18:16 CET | News
French operator Numericable-SFR and its parent company Altice have announced that they have acquired Vivendi's 20 percent stake in Numericable-SFR, for a price of EUR 40 per share. Pursuant to the authorisation granted on 28 April by its shareholders, Numericable-SFR has acquired from Vivendi a 10 percent stake in its capital for a total amount of approximately EUR 1.948 billion, while the remainder of Vivendi's stake has been acquired by an entity wholly held by Altice France. Altice is due to pay Vivendi another EUR 1.9 billion by 7 April 2016, to be subject to a 3.8 percent annual

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Categories: General
Companies: Altice Europe / Numericable-SFR / Vivendi
Countries: France
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