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General

KKR close to buying minority stake in Altice's tower unit in France - report

Tuesday 19 June 2018 | 08:45 CET | News
A deal is being finalised that will see private equity firm KKR buy a stake in Altice's towers, Reuters reported, citing sources. Altice announced its desire to sell the assets in January, in a bid to help finance operations in Europe and reduce debt. In the deal under discussion, KKR will take a minority stake in Altice's tower unit in France. The unit attracted bids from American Tower and others, such as private equity firm Blackstone and a consortium led by the infrastructure investment arms of insurers Allianz and Axa, which also made it to the final stages of the auction, the sources

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