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Sovereign Wealth Funds Briefing - Categorized | Investment

China Investment acquires stake in Eutelsat

Posted on 25 June 2012

China Investment Corp., the world’s fifth-largest sovereign fund, agreed to buy a 7% stake in satellite company Eutelsat Communications from Spain’s Abertis Infraestructuras.
China Investment will pay Abertis EU €385.2 million (US $483 million) for 15.4 million shares, Abertis said in a statement. Abertis expects a net capital gain of EU €237 million………………………………………..Full Article: Source


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