French cablenet Altice has raised an additional 911 million through the issue of 17.9 million ordinary shares.

The new shares, placed through an accelerated bookbuilt offer, will finance a 529 million cash payment to Carlyle and Cinven for their 14% stake in Numericable.

It will also fund a 122 million cash payment made to Pechel and Five Arrows, covering a 2.6% call option on a Numericable stake.

The new shares are scheduled to be admitted to trading on the Euronext Amsterdam stock exchange on June 27, 2014.