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Spain's Red Electrica inks deal to acquire Hispasat for EUR 949 million

Wednesday 13 February 2019 | 15:18 CET | News
Spain's national grid operator Red Electrica has announced an agreement to acquire an 89.7 percent stake in domestic satellite operator Hispasat from toll road operator Abertis for EUR 949 million. The deal comes nearly a year after Abertis announced the acquisition of a 33 percent stake in Hispasat from Eutelsat Communications to go with its existing 57 percent holding. In its statement, Red Electrica said it will undertake the acquisition by means of external financing and in a completely independent way from its regulated electricity business. The transaction will also need to be approved

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