Deals
Altice Near Sale of Towers to Morgan Stanley, KKR
- Both transactions could be announced as early as Wednesday
- Drahi may raise about 2.4 billion euros from sales to cut debt
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Altice Europe NV’s towers in Portugal are poised to be sold to Morgan Stanley’s infrastructure arm, while a minority stake in its French masts are likely to be sold to private equity firm KKR & Co., according to people with knowledge of the situation.
The transactions could be announced as early as Wednesday, the people said, declining to be identified ahead of a public disclosure. The Portugal asset is worth as much as 700 million euros ($810 million), while the French stake could fetch up to 1.7 billion euros, they said. Shares of Altice jumped to their highest in almost eight months.