Altice ups SFR stake
October 14, 2016
Multinational cable, fibre, telecommunications, content and media company Altice has agreed to acquire an aggregate number of 23,072,805 SFR Group shares in private off-market transactions (representing 5.21 per cent of outstanding SFR Group shares).
In consideration for these acquisitions, Altice will deliver to the sellers an aggregate number of 36,916,488 common shares A which it held previously as treasury shares, reflecting an exchange ratio of 8 Altice common shares A for 5 SFR Group shares.
Following settlement of these transactions, Altice will hold directly and indirectly 82.94 per cent of the capital and 82.93 per cent of the voting rights of SFR Group.