Hispasat is to seek a stock market listing by the end of the year. According to local reports, shareholders at the Spanish satellite company will discuss the matter at its AGM on June 8.
The company is majority owned by Paris-based Eutelsat, which has an option to buy the shares owned by minority shareholders including Auna (17.76%), Telefonica (13.23%) and BBVA (10.75%). However, Eutelsat’s priority in buying out the minority shareholders would be annulled if the company chose to proceed with the IPO.
Sales at Hispasat increased by 21% on the year to €120.5 million, but there remains uncertainty over the carriage of the Digital+ DTH platform, which continues to dual illuminate with Astra three years after the merger between Canal Satelite Digital and Via Digital.