Eutelsat looks to sell its 33.69% stake in European FSS operator Hispasat

by | Jul 13, 2016 | Finance, Seradata News | 0 comments

On 11 July 2016, Paris-based international satellite operator, Eutelsat Communications S.A., announced that it was looking to exercise a “put” option to sell its 33.69 per cent stake in Spanish FSS (Fixed Service Satellite) operator Hispasat S.A. Eutelsat has held shares in the company since 2008.

The announcement was followed a day later (12 July) by a statement from Hispasat majority shareholder Abertis, a major Spanish conglomerate, reminding Eutelsat about an agreement between fellow shareholders to remain “locked-in” Hispasat until July 2017. Eutelsat responded to Abertis on 13 July, by updating their original statement to mention an exception given to Eutelsat by Abertis in 2008 which they believe allows them to put their shares up for sale before the July 2017, end-date.

Whether or not Eutelsat has an exception, any transaction the company makes in regards to its shares in Hispasat will have to be approved by the Spanish Government.

 

About Seradata

Seradata produce the renowned SpaceTrak Launch & Satellite Database. Trusted by 100 of the world’s leading Space organisations, SpaceTrak is a fully queryable database used for market analysis, failure/risk assessment, spectrum analysis and space situational awareness (SSA).

For more information go to www.seradata.com/spacetrak

Related Articles

Majority stake in satellite operator Hispasat to be bought by Spanish infrastructure company REC

Red Eléctrica Corporación SA (REC) announced on 12 February that it had reached a deal with Hispasat’s majority shareholder, Abertis Infraestructuras Read more

Russia’s hard work in space continues to pay off

Never let it be said that spaceflight is not high profile in Russian society, whether it is the birthday of Read more

VIDEO: Soviet Moon programme not a hoax

Russia Today is reporting that photos of the Moon taken by NASA's Lunar Reconnaissance Orbiter clearly show Lunokhod-2 the rover Read more

Give me one minute and I’ll give you the World

Hyperbola is a technology orientated spaceflight blog by Flight's technical reporter Rob Coppinger

Hispasat gives launch orders to SpaceX and to ILS as SpaceX also confirms Arabsat 6A launch for Falcon 9 Heavy while Arianespace gets B-SAT-4a

During September 2015, Spanish satellite operator Hispasat S.A. has announced that it has signed two launch contracts - one with Read more

Amazonas 5 is ordered from Space Systems/Loral

The US-based spacecraft manufacturer, Space Systems/Loral, has been awarded a contract by Hispasat to produce the Amazonas 5 commercial communications Read more

Construction order for Hispasat 1F communications satellite goes to Space Systems/Loral

The Spanish satellite operator, Hispasat, has contracted with Space Systems/Loral for the construction of the commercial communications satellite Hispasat 1F.  The order Read more

Amazonas 4A suffers power systems fault – major insurance loss is likely

The commercial communications satellite Amazonas 4A  (aka Hispasat 4A)has had a fault with its power system. The spacecraft which was launched Read more

Categories

Archives