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Altice set to gain total control of SFR

  • Sat, 12 Aug 2017 05:30

Altice has raised its stake in SFR Group to 95.9%, thereby passing the threshold that now allows it to proceed with a public buyout offer, followed by a squeeze-out for the remaining SFR shares, in September.

In a statement, it says that it will make its intentions known to the French financial market authority (AMF), adding that the remaining shares will be priced at €34.50 each.

Altice also says that SFR’s board of directors has has appointed Finexsi as an independent expert mandated to issue a report regarding the fairness of the financial conditions of the contemplated offer.

In addition, it has appointed Perella Weinberg Partners to act as financial advisor to the company.

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