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KKR, Allianz among four contenders for Altice Europe fiber sale, say sources: Reuters

Nov 06, 2018 - peHUB

Rival consortia led by U.S. buyout fund KKR (KKR.N) and Germany’s insurer Allianz (ALVG.DE) are among the four main contenders for a stake in the fiber network business of Dutch-based telecom company Altice (ATCA.AS), sources said.

The two other bidding groups are led by Australian investment firm Macquarie (MQG.AX) and U.S. infrastructure fund I Squared Capital respectively, four sources close to the deal told Reuters.

Altice’s majority owner Patrick Drahi is trying to pay down ...