BCP, CPPIB reduce stake in cable operator Altice USA

U.K. private equity firm BC Partners (BCP) and Canada Pension Plan Investment Board (CPPIB) have sold about one-third of their stake in Altice USA Inc (NYSE: ATUS), a New York-based broadband communications and video services provider. Altice USA purchased about 7 million of the Class A shares sold for US$150 million. Following these transactions, BCP and CPPIB together own about 10.5 percent of the company. BCP and CPPIB became shareholders of Altice USA with Altice SA's 2015 acquisition of Suddenlink. The deal created Altice USA , which went public two years later.

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