French banks prepare to syndicate Niel debt

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French banks prepare to syndicate Niel debt

Owen Sanderson
December 20, 2019 03:00 pm
Xavier Niel
French telecoms Iliad Group founder and Vice-President, Xavier Niel, CEO of European IT Thierry Breton, French telecoms group Orange CEO, Stephane Richard during France and Senegal signing agreements on education, plane purchase in Dakar, Senegal on February 2, 2018. Photo by Eliot Blondet/ABACAPRESS.COM | Blondet Eliot/ABACA/ABACA/PA Images

BNP Paribas, Crédit Agricole, Natixis and Société Générale are preparing to syndicate the debt funding Xavier Niel’s innovative deal to increase his stake in Iliad, the French telecoms firm he controls, in the new year.

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