Altice considers listing its CPPIB-backed U.S. subsidiary: Reuters
Altice NV, the fourth-biggest cable operator in the United States, said on Thursday it was considering an initial public offering of a minority interest in its U.S. subsidiary Altice USA, Reuters reported. A listing would help Altice's founder, French billionaire Patrick Drahi, expand his budding U.S. cable empire by giving Altice USA public stock that could be used as currency to finance more acquisitions. It would also allow investors, including U.K. private equity firm BC Partners and Canada Pension Plan Investment Board, to cash out in the future.
8 December 2016•2 mins read
