KKR, Macquarie Compete for Drahi’s French Fiber Company

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KKR & Co. and Macquarie Group Ltd. are among suitors that have been shortlisted in the bidding for billionaire Patrick Drahi’s French fiber company, people with knowledge of the matter said, as the tycoon seeks to cut debt at his sprawling telecom empire.

Pension fund Caisse de Depot et Placement du Quebec and Global Infrastructure Partners have also been pursuing a deal for XpFibre, which is an arm of Drahi’s Altice France, according to the people.