October 14, 2016 / 5:46 AM / a year ago

BRIEF-Altice acquires 5.21 pct of SFR shares

Oct 14 (Reuters) - Altice Nv Altice N.V. (Euronext: ATC & ATCB) announces that it has agreed to acquire an aggregate number of 23,072,805 SFR Group shares in private off-market transactions (representing 5.21% of outstanding SFR Group shares). In consideration for these acquisitions, Altice NV will deliver to the sellers an aggregate number of 36,916,488 common shares A which it held previously as treasury shares, reflecting an exchange ratio of 8 Altice common shares A for 5 SFR Group shares.

Following settlement of these transactions, Altice will hold directly and indirectly 82.94% of the capitaland 82.93% of the voting rights of SFR Group.

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