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General

Altice USA completes separation from European parent

Monday 11 June 2018 | 08:39 CET | News
Altice announced the completion of the spin-off of its Altice USA subsidiary from its European parent with a view to simplifying the company's structure and paying down debt. First announced in January, the separation was implemented by way of a special distribution in kind by Altice NV of its 67.2 percent interest in Altice USA to Altice NV shareholders out of Altice NV's share premium reserve. Following the distribution, there will be around 489.4 million shares of Altice USA Class A common stock and 247.7 million shares of Altice USA Class B common stock outstanding.

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Categories: General
Companies: Altice Europe
Countries: Europe / United States
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