Media Capital/Altice sees appointment of independent auditor by regulator to fix maximum offer price (translated)
30 AUG 2017
The CMVM Portuguese Securities Commission has appointed an independent auditor to set the maximum price for the takeover offer on Media Capital [ELI:MCP] by Meo (Altice [AMS:ATC] - formerly PT Portugal).
The maximum price will be set in an agreement between the buyer and seller through private negotiations. Altice, the group that bought PT Portugal two years ago, announced in July it reached agreement with Prisa [BME:PRS] to buy Media Capital for an initial consideration of EUR 440m.