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Altice acquires 34.6% stake in Numericable from Carlyle & Cinven


Thursday, 24 Jul 2014 11:33am EDT 

Altice SA:Says its wholly-owned subsidiary, Altice France SA, is acquiring a 34.6 pct stake in Numericable Group from Carlyle Cable Investments SC ("Carlyle") and CCI (F3) Sarl ("Cinven").First portion, representing about 20.6 pct of Numericable shares out of the 34.6 pct purchased, will be financed by the issuance of 24,751,873 new ordinary shares by Altice SA.Listing of shares on Euronext Amsterdam expected on July 25.New ordinary shares of 0.01 euro in Altice will be subscribed for by Carlyle and Cinven in exchange for the contribution in kind to Altice of, in aggregate, 25,517,396 shares in Numericable.This represents stake of 20.6 pct in Numericable, which Altice SA will transfer on same date to Altice France.Remaining portion, representing 14 pct of Numericable shares out of the 34.6 pct purchased, will be settled in cash by Altice France by Jan. 31, 2015.Altice France's stake in share capital of Numericable increases from 40 pct to 74.6 pct.These transactions terminate the shareholders` agreement entered into between Altice France, Carlyle and Cinven, in place since the initial public offering of Numericable. 

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