BCLP advises on sale of Altice Média for €1.55 billion

International law firm BCLP has advised Altice France on the sale of its subsidiary Altice Média to the CMA-CGM group, for €1.55 billion euros ($1.69 billion).

BCLP supported Altice on competition law aspects in the sale of Altice Media to French shipping and logistics company CMA CGM, for an enterprise value of 1.55 billion euros.

The transaction is subject to the usual conditions precedent and to obtaining the applicable regulatory approvals (including competition authority and French media regulator).

Altice Média is a leading news group in France, with unique capabilities across television, radio and digital. Its brands include popular BFM and RMC TV channels.

BCLP advised Altice on the sale under the leadership of partners Julie Catala Marty, Counsel Rémi Beydon and associate Paul Blin. Altice was also advised by Piwnica & Molinié (François Molinié) on the Audiovisual and Digital Communication Regulatory Authority (ARCOM) aspects of the deal, and De Pardieu Brocas Maffei (Magali Masson) on corporate transactions.