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Altice boosts stake in SFR at same exchange ratio as blocked buyout offer

Connectivity BusinessbyConnectivity Business
October 14, 2016
in Government and Legal, Investments, Space Services
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French billionaire Patrick Drahi’s Altice has agreed to acquire an additional 5.21% stake in SFR just 10 days after French market regulator AMF blocked its planned buyout of minority shareholders in the cable and telecoms operator. The exchange ratio for the off-market transaction, which will see Altice raise its holding in SFR’s share capital to 82.94%, is […]

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