Apartments are Reflected in a SFR Store Window in Paris

Apartments are Reflected in a SFR Store Window in Paris

Balint Porneczi/Bloomberg

Liberum Capital Ltd. analysts have assigned a valuation of about 12 billion euros to SFR, the subject of a three-way contest among Numericable, Iliad SA and Bouygues SA, all of which are discussing potential offers, people familiar with the situation said last week.