Altice has announced that its subsidiary, Altice France, controlling shareholder of Numericable Group, has completed the acquisition of the entirety of the stakes held by Pechel and the Five Arrows in the share capital of Numericable Group (2,643,405 shares from Pechel and 604,207 shares from Five Arrows, i.e. approx. 2.6 per cent of the share capital of Numericable Group) after exercising the call options granted by Pechel and Five Arrows on November 7th 2013.
This acquisition was implemented at a price of €37.4139 per share for a total consideration of €121.5 million paid in cash. The purchase was funded by increased indebtedness at Altice France.
As a result of this acquisition, Altice France holds directly 40 per cent of the shares in Numericable Group and the shareholders’ agreement entered into between Altice France, Pechel and Five Arrows, in place since the initial public offering of Numericable Group on the Paris market of NYSE Euronext in November 2013, has been terminated.