Abertis Infraestructuras has finalised an agreement to take 28.4% of the Spanish satellite operator Hispasat in a €199 million transaction. The deal, though the company’s Albertis Telecom division, makes it the largest shareholder in Hispasat, followed by Eutelsat with 27.69%.
In June Abertis reportedly told the Spanish government that it was prepared to buy out Hispasat’s minority shareholders in a bid to prevent an IPO going ahead. It is known that Eutelsat has ambitions to take control of the Spanish platform.
The agreement reached with Ensafeca Holding Empresarial (Auna) and Banco Bilbao Vizcaya Argentaria remains subject to regulatory approval.