France’s financial markets regulator, the AMF, has granted Altice an exemption from an obligation to launch a public offering for Numericable associated with its acquisition of a controlling stake in the cable operator.
The move opens the way for Altice to acquire the stakes in Numericable held by private equity groups Carlyle and Cinven.
The pair respectively hold 34.59% of Numericable. Following the sale to Altice, the latter will hold a 74.59% stake in the cable operator.
Altice’s exemption from the requirement to launch a public offering was based on the AMF’s view that it already held a dominant stake in Numericable through its existing agreements with Cinven and Carlyle.
DTVE: the week in view – How European media groups are adapting to the OTT present in 2021 digitaltveurope.com/comment/how-eu… https://t.co/cvkbTAteUq
09 May 2021 @ 19:00:00 UTC
ICYMI: AMC Networks hit by advertising and distribution falls, but US streaming grows digitaltveurope.com/2021/05/07/amc… https://t.co/BCfC9Td3HF
09 May 2021 @ 18:00:01 UTC
DTVE: the week in view – How European media groups are adapting to the OTT present in 2021 digitaltveurope.com/comment/how-eu… https://t.co/ABE4JyK2ub
08 May 2021 @ 14:30:00 UTC