Altice covered in two days as SFR deal encourages interest

Bankers on Altice's €1.3bn IPO said on Wednesday that the deal was covered within the range two days into bookbuilding, as rumours about potential acquisitions for the company helped spur demand.

  • By Andrew Griffin
  • 22 Jan 2014

Although market chatter about a possible takeover of Vivendi's French phone business, SFR has not been confirmed by any party involved, it has helped encourage investor discussions during roadshows, said bankers.

The shares are being offered in a €24.75-€31.25, which will put 20.8%-25.6% of the deal in freefloat. The size ...

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