Αρχική iptv-news Eutelsat completes EUR302mi Hispasat sale

Eutelsat completes EUR302mi Hispasat sale

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Eutelsat Communications hassod its 33.69% stake in the Spanish satellite operator, Hispasat, for a consideration of EUR302 million.

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.



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