BNP Paribas backs up Altice Europe’s €4.9bn take-private bid

Patrick Drahi Altice
By Silas Brown
11 Sep 2020

BNP Paribas has provided term loans to Altice Europe, whose founder Patrick Drahi has offered to buy €2.5bn of the shares he doesn't already own to take the French telecoms group private.

Drahi is the majority shareholder in the French firm. He is offering to pay, via a holding vehicle Next Private, €4.11 a share, which is a 23.8% premium to Altice’s closing price on Thursday but well below its €6.74 peak in early February.

In an announcement on Friday, the ...

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