Eutelsat Communications S.A. announced on 19 May, that they had reached an agreement with Hispasat S.A majority shareholder, Abertis Group, for the sale of Eutelsat’s 33.69% stake in Hispasat. The deal has been valued at EUR€302 million, and is expected to take place during the second half 2017. This is conditional on receiving approval from the Spanish government.
Unrelated to the Eutelsat share deal, on 18 May, Hispasat and its Brazilian subsidiary Hispamar Satellites S.A, have renewed their circa 16 year old corporate image. The new logo and brand image is designed to show greater unity between the two companies and better represent the modern satellite sector.