Altice Europe unit offers to buy Israel's Partner Communications
29/01/2020 09:25
PARIS, Jan 29 (Reuters) - Altice Europe ATCA.AS has
offered to buy Israeli firm Partner Communications PTNR.TA ,
the telecoms and media group controlled by Franco-Israeli
billionaire Patrick Drahi said on Wednesday.
"Altice Europe confirms that its fully owned subsidiary
'Hot' has submitted an offer for 100% of the share capital of
Partner Communications PTNR.O . No final decision has been
taken, and it is yet uncertain that any such transaction will be
concluded and under which terms," Altice said in a statement.
Partner Communications has a market capitalisation of 2.8
billion shekels ($809 million), Refinitiv Eikon data shows.
($1 = 3.4598 shekels)
(Reporting by Sudip Kar-Gupta; editing by Jason Neely)
((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))