The international telecoms group Altice has announced the completion of a cross-border merger which has seen it transfer its business headquarters from Luxembourg to the Netherlands. Over 90% of shareholders approved the deal for Dutch-registered company Altice NV to acquire the Luxembourg-based Altice SA. Shares in Altice NV will trade on the Euronext exchange in Amsterdam. The move to the Netherlands allows Altice to issue both Class A and Class B shares, which means that founder and 58.5% shareholder Patrick Drahi now has 92% of the voting rights. Altice says the deal will ‘provide greater flexibility for financing and corporate transactions’.
The Altice group has an operational presence in three regions: Western Europe (comprising France, Belgium, Luxembourg, Portugal and Switzerland); Israel; and the Overseas Territories (including the French Caribbean and the Indian Ocean regions, plus the Dominican Republic).