Monday, 14 June 2021

Is Altice Europe’s takeover by its billionaire founder unlawful?

by Harry Baldock, Total Telecom
Friday 04 December 20

Lucerne Capital Management, which holds around €94 billion shares in the company, says it will go to court over the “egregious corporate governance incidents”

Back in September, Patrick Drahi (pictured), the billionaire founder of Altice Europe, announced that he would be taking the company private through a €2.5 billion takeover via his company Next Private. Drahi already owns 77.6% of the company. “This transaction will allow Altice Europe to more successfully and effectively achieve its goals in a private and fully owned environment…

Back in September, Patrick Drahi (pictured), the billionaire founder of Altice Europe, announced that he would be taking the company private through a €2.5 billion takeover via his company Next Private. Drahi already owns 77.6% of the company. “This transaction will allow Altice Europe to more successfully and effectively achieve its goals in a private and fully owned environment…

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