Eutelsat: put option exercised on assets
(CercleFinance.com) - Eutelsat Group announces that it has exercised the put option signed with the EQT Infrastructure fund on 9 August for a majority stake in a newly-created entity that will be endowed with its passive terrestrial infrastructure assets.
This decision follows the completion of the consultation process with Eutelsat's relevant employee representative bodies, and led to the signature of a share sale agreement between Eutelsat and EQT.
EQT and Eutelsat will respectively hold 80% and 20% of the capital of this new entity, with an enterprise value of E790m, and is subject to customary conditions.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
This decision follows the completion of the consultation process with Eutelsat's relevant employee representative bodies, and led to the signature of a share sale agreement between Eutelsat and EQT.
EQT and Eutelsat will respectively hold 80% and 20% of the capital of this new entity, with an enterprise value of E790m, and is subject to customary conditions.
Copyright (c) 2024 CercleFinance.com. All rights reserved.