Eutelsat holds a 33.69% stake in the Spanish satellite operator, Hipasat, and is in the process of selling it subject to the consent of the Spanish government
Eutelsat has initiated the process of selling its stake in Hispasat by exercising the put option granted in 2008 by Hispasat’s majority shareholder, the Abertis Group.
Eutelsat holds a 33.69% stake in Hispasat through its subsidiary, Eutelsat Services und Beteiligungen GmbH. Under the terms of the put option agreement, the value of the Hispasat stake will be determined by an independent expert.
The transaction will proceed subject to the consent of the Spanish government.
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