Spanish infrastructure giant Abertis is selling its entire remaining stake in Eutelsat, which represents 5.01 per cent of the satellite company’s shares.

UBS and Barclays Bank are acting on behalf of Abertis.

In January 2012 it sold 16 per cent of its stake in Eutelsat, for €981 million. In June 2012 Abertis sold a 7 per cent holding in Eutelsat to China’s CIC Investment Corporation. A year later it used the cash to acquire an extra 16.42 per cent of Hispasat, which took its total holdings in Hispasat to 57.07 per cent.

The news helped drive Eutelsat share price near to a 12-month high of €25.73.

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Business, DTH/Satellite, M&A