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Sovereign Wealth Funds Briefing - Categorized | Investment

Spain’s Abertis sells 7pct of Eutelsat to Chinese investors

Posted on 26 June 2012

Spanish group Abertis, that manages international mobility and telecommunications infrastrutures, has closed the sale of 7% of satellite operator Eutelsat to Chinese Investment Corporation (CIC).
The deal was reached for a total amount of €385.2 million, and generates a net capital gain of €237 million for Abertis. The transaction follows Abertis’ January sale of 16% of Eutelsat in a private placement among qualified investors. However, Abertis will remain a Eutelsat shareholder, with a stake of 8.35%. On Friday, Eutelsat’s share jumped to €24,25, up 4.1 %………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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