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Altice raises EUR 1.6 bln from new share placement

Friday 2 October 2015 | 10:34 CET | News
Altice said it has successful placed new Altice A and Altice B shares by way of an accelerated bookbuilding. In total, the placing consisted of almost 67 million Altice A shares at a price of EUR 17.00 per share and almost 25 million Altice B shares at a price of EUR 17.00 per share, bringing in gross proceeds or around EUR 1.61 billion. The money willl be used to finance part of the Cablevision Systems acquisition. As part of the placing, certain managers of Altice have subscribed for new Class B shares in an aggregate amount of EUR 170 million. Application will be made to list the placing

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Categories: Fixed
Companies: Altice Europe / Cablevision / Numericable / Portugal Telecom / SFR / Suddenlink
Countries: Europe / United States / World
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