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0 -4.72969777230805E-05 0.000236484888615671 0.00080404862129304 -0.00137161235397054 -0.000709454665846879 0.00080404862129304 0.0022229579529868
Stock impact report

Drahi's French Fiber Sale Said to Stall Over Valuation Concerns [BNN Bloomberg (Canada)]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: BNN Bloomberg
Some potential buyers made offers valuing XpFibre at around €6 billion ($6.5 billion) to €7 billion including debt, according to the people. Drahi, who owns 50.01% of XpFibre through Altice France, has been seeking a valuation of about €8 billion or more, the people said. Negotiations have hit an impasse for now due to the wide gap, they said, asking not to be identified because the information is private. Private equity firms KKR & Co. and Global Infrastructure Partners were among those pursuing the XpFibre stake, the people said. French investment firm Ardian also studied the business, according to the people. Deliberations are ongoing, and it's possible that Altice will still be able to reach an agreement with a bidder. Representatives for Altice, Ardian, GIP and KKR declined to comment. Drahi is working to reduce the approximately $60 billion debt load across his sprawling telecommunications operations, and he launched a sale process for several assets last year, includin Show less Read more
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