Home › Altice raises EUR 911 mln in share issue
 

Keywords :   


Altice raises EUR 911 mln in share issue

2014-06-24 09:43:00| Telecompaper Headlines

(Telecompaper) Altice has raised EUR 911 million in a share issue to help finance takeovers. The company sold 17.9 million new shares in a secondary offering to institutional investors, via an accelerated book-build. The shares were sold at an average EUR 50.90 each, compared to a closing share price of EUR 53 for Altice the day before the offering. The proceeds will go to the EUR 529 million owed Carlyle and Cinven for their 14 percent stake in Numericable, which Altice said it would acquire in April. In addition, Altice will pay off debt incurred for buying a 2.6 percent stake in Numericable for EUR 122 million earlier this month from Pechel and Five Arrows. 

Tags: share issue eur raises

Category:Telecommunications

Latest from this category

All news
»
05.11Boeing strike ends as workers back 38% pay rise deal
05.11Tropical Storm Rafael Public Advisory Number 6A
05.11Summary for Tropical Storm Rafael (AT3/AL182024)
05.11Tropical Storm Rafael Graphics
05.11Atlantic Tropical Weather Outlook
05.11Eastern North Pacific Tropical Weather Outlook
05.11Tropical Storm Rafael Graphics
05.11Tropical Storm Rafael Forecast Discussion Number 6
More »