Patrick Drahi will convert cable holding company Altice SA into a new Dutch entity to gain more shares which it can use in acquisitions
Mon, Jun 29, 2015 - 5:50 AM
Franco-Israeli media magnate Patrick Drahi, head of Altice, the parent company of French telecommunications operator of Numericable-SFR, speaks to the press as he leaves the French Economy Ministry on June 23, 2015, in Paris.
PATRICK Drahi, rebuffed in his US$11 billion bid for French wireless carrier Bouygues Telecom, will convert his cable holding company into a new entity to gain a new stock for bigger takeovers.
Altice SA will be replaced by a new Dutch company called Altice NV with a...