MADRID, May 23. (EUROPEAN PRESS) –
Altice UK has increased its stake in BT to 24.5% from the 18% it has held since late 2021, although the group controlled by French-Israeli billionaire Patrick Drahi has assured it has no intention of launching a buyout offer on the old. British telecommunications monopoly.
In a statement posted to the London Stock Exchange, Altice UK has reported purchasing 650 million BT shares, increasing the total under its control to 2,435.47 million titles, which represents approximately 24.5% of BT’s issued share capital.
“Altice UK has reiterated its position to the BT board that it does not intend to make any bids for BT,” the company said.
A year ago, British authorities decided to investigate under the Investment and National Security Act, transactions in which a group controlled by Patrick Drahi had increased its stake in BT from 12.1% to 18%, although the British Government ultimately deemed that not. no further action. required in connection with the transaction.
Altice UK became the British operator’s largest shareholder in June 2021 by acquiring a 12.1% stake for 2,200 million pounds (2,531 million euros).
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