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General

Numericable-SFR plans EUR 2.5 billion dividend

Thursday 15 October 2015 | 09:06 CET | News
French operator Numericable-SFR plans to distribute around EUR 2.5 billion to its shareholders, or EUR 5.70 per ordinary share, before the middle of January 2016. The company said the return offered on this distribution is over 13 percent, based on the latest stock market price of EUR 42.11. The operation will be funded by a loan of at least EUR 1.6 billion, with available cash making up the balance. The operator said that financing of the loan has been fully committed without any conditions and that the distribution does not affect its financial capacity. Most of the dividend will go to

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