REE finally buys 89,68% of Hispasat from Abertis for 949M€

REE Finally Buys 89,68% Of Hispasat From Abertis

Red Eléctrica, the company which manages Spain’s high tension electricity cables, has agreed to buy 89.68% of Hispasat, the largest operator of satellite infrastructure by volume in Spain and Portugal, for 949 M€ from Abertis Infraestructuras. REE had already tried to buy Hispasat at the beginning of last year, even reaching a pre-agreement with Abertis. But the deal was frustrated by the corporate operations in Abertis and the disagreement of the previous government.

REE still eyeing Hispasat

Red Electrica: Still Eyeing Potential Acquisition Of Hispasat

Abertis and Red Eléctrica are keeping talks open regarding an eventual corporate deal involving Hispasat. According to the press, Abertis, which holds 90.4% of the satellites firm, is asking for a control premium in addition to the valuation it made of the company in May.



Indra will provide control systems to Hispasat’s Amazonas-3 satellite

MADRID | Indra has been awarded this August a contract by Hispasat to develop and implement the ground control systems that will manage the new Amazonas-3 communications satellite. This satellite, which will be located at the Brazilian orbital position 61º West, will be launched into space in the second half of the year. Indra has collaborated closely with Hispasat for approximately 20 years. Over this time, it has implemented the…

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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…