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Portugal: TVI owner in €1Bn share buy-back

Page created: Tuesday, 29 August 2017 9:33 GMT

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Altice  TVI

Lisbon, Aug. 28 (Lusa) – Altice, the current owner of PT Portugal, launched a programme on Monday to buy back up to €1 billion of A and B shares.

The French group founded by Patrick Drahi said the buy-back programme on the Amsterdam bourse was part of a strategy to create long-term added value for all its shareholders.

Altice said in July it had reached an agreement with Spanish company Prisa to buy the Portuguese Media Capital, with owns TVI, among other media in an operation the Spanish company valued at €440 million.

PD/ADB // ADB.

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