Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Carlyle and Cinven Selling Shares of Altice

altice_group

Carlyle  Group and Cinven are selling their 337.5 million euro ($422 million) stake in Altice, which has risen 70% since its IPO earlier in the year, as reported by Bloomberg.

French Israeli Patrick Dahi owns Altice, a cable company, which has a 14% stake in Numericable Group, France’s largest cable company. Altice purchased the stake from  Cinven and Carlyle.

The private equity groups increased the number of shares they are selling in Altice from 5.5 million to 7.5 million.

Drahi was trying to get Numericable to merge with Vivendi SA’s French phone unit. He also made a bid to purchase Brazilian phone company Oi SA’s Portugese  assets

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement