Cinven to offload part of Numericable, paper says

14 Dec 2007

The investment group Cinven is planning to sell half of its 70% stake in French cable operator Numericable, according to a French newspaper report. Cinven is looking to gain around EUR1 billion (USD1.47 billion) from the sale, valuing the company at EUR3 billion. Carlyle and Providence have been named as potential buyers of the shares. If a transaction is completed, Cinven will own 35% of Numericable – France’s largest MSO – while Altice will control 30%. Numericable also owns the Coditel companies in Luxembourg and Belgium.