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Altice raises Numericable funds

June 25, 2014 10.47 Europe/London By Julian Clover

Numericable officeFrench cablenet Altice has raised an additional €911 million through the issue of 17.9 million ordinary shares.

The new shares, placed through an accelerated bookbuilt offer, will finance a €529 million cash payment to Carlyle and Cinven for their 14% stake in Numericable.

It will also fund a €122 million cash payment made to Pechel and Five Arrows, covering a 2.6% call option on a Numericable stake.

The new shares are scheduled to be admitted to trading on the Euronext Amsterdam stock exchange on June 27, 2014.

 

 

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Filed Under: Finance, Newsline Tagged With: Altice, Numericable Edited: 25 June 2014 10:47

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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