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

by | Feb 13, 2019 | Finance, Satellites, Seradata News

Red Eléctrica Corporación SA (REC) announced on 12 February that it had reached a deal with Hispasat’s majority shareholder, Abertis Infraestructuras SA (Abertis), to purchase its 89.68 per cent stake for EUR€949m (US$1.07bn).

Corporate logo of Hispasat. Courtesy of Hispasat

REC is a public limited company with minority state ownership centred on its primary business as provider and operator of the Spanish national power gird. The company also has international infrastructure concerns in countries such as Portugal, Peru and Chile. REC has expanded its scope to management of the dark fibre network within Spain.

As with the recent Abertis purchase of Eutelsat’s stake in the company, this deal with have to be approved by the Spanish government. Despite this, REC still expects the purchase to take place during Q2 2019. Once approved, Hispasat will become part of REC’s subsidiary, Red Eléctrica Sistemas de Telecomunicaciones (RESTEL). The purchase is not expected to affect the minority holdings in Hispasat. This means the ownership structure of the company following the transaction is expected to be: REC (89.68 per cent), SEPI (7.41 per cent) and CDTI (2.91 per cent).

Corporate logo of Red Eléctrica Corporación (REC). Courtesy of REC

About Seradata

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

For more information go to https://www.seradata.com/product/

Related Articles

Categories

Archives

Tags

nasaspacexecoreviewsissesaArianespacevideochinaFalcon 9v1.2FT Block 525virgin galacticULAfalcon 9RoscosmosevaDGAspacewalkaviation weekInternational Space StationaressoyuzIGTRocket LabBlue OriginBeidouawardsStarlinkspaceSatellite broadcastingrussiaAirbus DSboeingmoonISROOneWebCargo Return VehiclemarsblogresearchspaceshiptwojaxaorionmarsimpactdelayhyperbolaEutelsatdemocratrocketlunarhypertextobamagoogle lunar prizelaunchVegaSESbarack obamaconstellationtourismnorthfiguresthales alenia spacespaceflightIntelsatnode 2fundedRaymond Lygo2009Lockheed MartinExpress MD-2Elon MuskAtlas Vromess2dassault aviationaviationLucy2008wk2sstlukradiosuborbitaltestmissiledocking portexplorationAriane 5 ECAVirgin OrbitinternetLong March 2D/2sts-122SLSNorthrop GrummanChina Manned Space EngineeringAriane 5missile defensenewspapercotsgalileospace tourismflight2010ElectronLong March 4CspaceportExpress AMU 1buildspace stationaltairsoyuz 2-1aProton Minternational astronautical congressshuttlespace shuttlescaled compositesIntelsat 23European Space AgencyLauncherOneCosmosnew yorkrulesAriane 6hanleybudgetatvVietnamshenzhoucongressMojaveboldennew shepardLong March 2CInmarsatOrbital ATKcnesiaclunar landerGuiana Space CenterkscApollolawsUS Air ForceSpace Systems/LoralUK Space AgencyLong March 4BKuaizhou 1AILSprotondarpaTalulah RileyElectron KSFalcon 9v1.2 Block 5Vega CNorth KoreaeuAstriumSkylonpicturebaseusaastronautdragonlanderfiveeventTelesatSSLAprilSNC50thinterviewLong MarchSea LaunchfalconWednesdaycustomerlinkatlantissuccessor

Stay Informed with Seradata

Stay informed on the latest news, insights, and more from Seradata by signing up for our newsletter.