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Iliad SA's Free Takes Numericable Group SA to Court over Its IPO Documentation-L'Agefi Quotidien


Sunday, 3 Nov 2013 07:00pm EST 

L'Agefi Quotidien reported that Iliad SA's Free is bringing Numericable Group SA before the Commercial Court in order to try and have the Company's 'document de base' regarding its initial public offering (IPO) modified before the IPO can be launched. Free believes that certain sections in Numericable Group SA's 'document de base' (the presentation of the Company submitted to the French Financial Market Regulator when applying to launch an IPO) which compare the offers of the two companies mislead investors about the strength of Free's offer. Free have especially highlighted sections concerning the Freebox's video functionalities. Numericable Group SA believes that the charge is unfounded. A hearing is scheduled for November 5, 2013.