Eutelsat Completes the Sale of Its Stake in Hispasat for 302
million Euros
April 18,
2018
Eutelsat
Communications announces that its 33.69% stake in the
Spanish satellite operator, Hispasat, has been sold for a
consideration of 302 million euros.
The
transaction concludes an agreement reached in May 2017
between Eutelsat and Abertis which was recently approved by
the Spanish Council of Ministers, thereby lifting the last
condition precedent to its completion.
The
divestment of Eutelsat’s stake in Hispasat is in line with
the Group’s strategy of rationalising its portfolio of
assets in order to maximise cash generation.
