Altice France sells major stake in SFR FTTH

摘要

Altice Europe N.V. (Euronext ATC, ATCB) revealed November 30 its subsidiary Altice France has agreed to sell 49.99% of French network operator SFR FTTH to a group that comprises Allianz Capital Partners (ACP), AXA Investment Managers - Real Assets (AXA IM), and OMERS Infrastructure. Altice France expects to receive €1.8 billion in cash based on a €3.6 billion equity value. The deal is expected to close in the first half of next year.