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Abertis closes the sale of 7% of Eutelsat to China Investment Corporation

MADRID | Abertis said on Monday it had agreed to sell 7% of Eutelsat to China Investment Corporation (CIC) for €385.2 million. The transaction, which generated net capital gains of €237 million, follows Abertis’ January sale of 16% of Eutelsat in a private placement among qualified investors. Abertis will remain a Eutelsat shareholder, with a stake of 8.35%. In compliance with the terms agreed by Abertis in the recent placement of a 16% stake in…