Next Private to acquire 100% of Altice Europe

11 Sep 2020

Altice Europe and Next Private – a direct subsidiary of Next Alt (the majority shareholder of Altice Europe) – have reached a conditional agreement on a recommended public offer to be made by Next Private for all common shares A and common shares B in the capital of Altice Europe for EUR4.11 (USD4.87) in cash per share. This represents a total consideration of approximately EUR2.5 billion. Following the offer, Next Private is planning to delist Altice Europe with a view to obtaining 100% of the shares. Next Alt owner Patrick Drahi said: ‘The proposed transaction announced today will result in a new and exciting chapter for Altice Europe and our stakeholders. Following the group reorganisation in 2018, Altice Europe has successfully executed on the operational and financial turnaround strategy. Over the same period, Altice Europe has made outstanding progress in simplifying and strengthening its diversified capital structure. The proposed ownership structure will enable an increased focus on executing our long-term strategy, and underlines my confidence and conviction in Altice Europe’s prospects.’

Netherlands, Altice Europe (formerly Altice Group)