Bouygues to fund $24 billion French telecoms deal without divestments

French conglomerate Bouygues said on Thursday it does not plan to sell assets to fund its joint 20.35 billion ‌euro ($24 billion) cash ⁠bid ⁠for rival operator SFR, the largest telecoms acquisition in Europe in recent years.

Chief Financial Officer Stephane Stoll said the group’s financial structure allows it to finance the deal without difficulty and that it would not require additional credit lines.