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Spain green lights Abertis acquisition of Eutelsat's stake in Hispasat

Monday 9 April 2018 | 09:13 CET | News
Spain's government has finally approved the purchase by majority shareholder Abertis of a further 32.6 percent stake in Spanish satellite operator Hispasat from France's Eutelsat Communications. The companies first announced an agreement in May 2017, with Spanish business daily Expansion reporting that Abertis is now expected 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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