'Billionaire Drahi's Altice To Seek Bids Next Month For Key Assets; Buyout Firms Circle Altice Assets As Tycoon Grapples With Debt; Bids For Portugal Unit, France Stake Seen As Soon As December' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Altice, owned by billionaire Patrick Drahi, is preparing to receive initial bids for its Portuguese business and a stake in its French unit to manage its debt load. Potential private equity suitors include Apax Partners, Apollo Global Management Inc., CVC Capital Partners, and Warburg Pincus.
November 09, 2023 | 5:26 pm
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Altice's decision to sell key assets could impact its financial stability and potentially affect its US-listed entity, Altice USA (ATUS).
Altice's decision to sell key assets indicates a need to manage its debt load. This could potentially impact the financial stability of the company, which could in turn affect the performance of its US-listed entity, Altice USA (ATUS).
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80