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Abertis closes sales of Hispasat stake to Red Electrica for EUR 933 mln

Friday 4 October 2019 | 11:24 CET | News
Spanish toll road operator Abertis has closed the sale of its 89.7 percent stake in satellite operator Hispasat to Spain's national grid operator Red Electrica after obtaining the corresponding legal authorisations. The deal was announced in February, with Abertis subsidiary Abertis Telecom Satelites agreeing to divest the asset for a total of EUR 933 million as part of the parent company's strategy to become a pure toll road operator. In 2018 Abertis acquired a 33 percent stake in Hispasat from Eutelsat Communications to go with its existing 57 percent holding.

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Categories: Broadcast & Satellite
Companies: Abertis Telecom / Eutelsat / Hispasat
Countries: Spain
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