Abertis Considering Acquisition Of Stake In Hispasat

By | June 13, 2007 | Europe, ST Briefs

Spanish industrial group Abertis, which in January acquired a stake in Eutelsat Communications, is in talks to acquire up to 40 percent of Hispasat, Abertis reported.

Hispasat announced June 8 that its shareholders were considering a public stock offering, and Abertis has been in negotiations with private shareholders of Hispasat, according to an Abertis filing with the Comisión Nacional del Mercado de Valores, the agency in charge of supervising and inspecting Spanish stock markets.

In January, Abertis completed the purchase of a 32 percent stake in Eutelsat for 1.1 billion euros ($1.4 billion).

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