Jul 13 2016
Eutelsat is looking to exit from Hispasat, and sell its 33.69 per cent stake. However, it has hit a major hurdle with 57 per cent majority owner Abertis Group saying that Eutelsat’s ‘Put’ option (which requires Abertis to buy its stake) is not valid. Eutelsat has had this option in place since 2008. Paris-based Eutelsat, […]
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May 19 2017
Eutelsat sells Hispasat stake to Abertis
Eutelsat has agreed to sell its 33.69 per cent stake in Madrid-based Hispasat to Abertis. Abertis is itself in the process of being acquired by Italian infrastructure company Atlantia. The agreement follows a process initiated in July last year when Eutelsat exercised a pre-agreed ‘PUT’ option on Abertis. Eutelsat will receive €302 million for its […]
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By Expat • SATELLITES, Spain • Tags: Abertis, Eutelsat, Hispasat