Numericable unveils IPO plans; 20% to 40% of its capital to be listed

20 Sep 2013

French cableco Numericable has confirmed that it plans to list between 20% and 40% of its capital as part of an initial public offering (IPO), and has registered its ‘core documents’ with the Autorite des Marches Financiers (AMF).

Cinven and Carlyle, the private equity companies that currently own 37.5% each of Numericable, will reduce their stakes to provide liquidity to the IPO, while fellow shareholder Altice Group is expected to increase its current stake of 25% by ‘a few percentage points’. The IPO may take place as early as November; Deutsche Bank and JPMorgan are acting as the joint bookrunners for the transaction.

France, Altice Europe (formerly Altice Group), Altice France (SFR)