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Eutelsat sells 33% stake in Hispasat to Abertis for EUR 302 mln

Thursday 19 April 2018 | 09:38 CET | News
Eutelsat Communications has confirmed the sale of its 33.69 percent stake in Spanish satellite operator Hispasat to majority shareholder Abertis for EUR 302 million. The deal was concluded after Spain's Council of Ministers finally approved a transaction that was first announced back in May 2017. Earlier this month, Spanish business daily Expansion reported that Abertis now expects to sell its existing 57 percent Hispasat stake to Spain's national grid operator Red Electrica as long as it presents a binding offer.

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