Patrick Drahi sells almost half of SFR's capital to his creditors to maintain control

White smoke at Altice France. According to our information and after a year of intense arm wrestling, businessman Patrick Drahi and his creditors have agreed on the restructuring of the colossal debt of the holding company owning SFR, the amount of which reached the trifle of 24 billion euros. An untenable situation for the billionaire, threatened with losing control of his group despite the sale in 2024 of his media division BFMTV-RMC to Rodolphe Saadé as well as part of SFR's data centers to bail himself out.

Also read : “A feeling of the end of a reign”: Patrick Drahi’s empire has been shaken for a year

After a tough negotiation with his debt holders , the billionaire finally managed to keep the controls. In exchange for a significant reduction in his debt - around 8.6 billion out of 24 billion, an operation of a scale never seen before in France - the creditors will take a little less than half of the capital (45%), according to a person close to the negotiations. Three years after the repurchase of the shares of the French entities and the withdrawal from the Stock Exchange, Patrick…

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