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State investment bank Bpifrance reduces Eutelsat stake

Tuesday 26 February 2019 | 16:01 CET | News
French state-owned bank Bpifrance has sold 6.67 percent of its capital in satellite operator Eutelsat via a private placement, for a return of EUR 285 million. Following the transaction, representing 15.5 million shares, the investment bank holds a 19.8 percent stake in Eutelsat. It also plans to reduce its representation in the company's board from three to two members. 

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Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: France
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