Blackstone, CVC Capital Partners, Apollo Global Management, EQT and MásMovil are potentially interested in buying Meo's owner, says Bloomberg.
It is not new that Altice Europe is studying the sale of its operation in Portugal, but it is now known that there are at least five interested parties, all foreign companies. According to Bloomberg, the operation is expected to be worth around €7 billion.
Citing sources close to the process, the news agency says that the company led by Patrick Drahi is reassessing the operation in Portugal and, therefore, is considering its sale. There are five potential bidders for the business: Blackstone, CVC Capital Partners, Apollo Global Management, EQT and MásMovil.
Altice is working with a consultant to explore “a series of options” for its business in Portugal, which includes telecommunications company MEO. No “final decision” has been made on the divestment, noted the same sources cited by Bloomberg.
However, they warned that Altice might also “decide to keep the business”.
An Altice official said the Portugal business “is not for sale,” and representatives from Blackstone, CVC, EQT, and Másmovil declined to comment on the matter, while an Apollo spokesperson was available.
In 2015, Altice paid €5.5 billion for Portugal Telecom.
(article last updated at 13h11 pm)