Agreement Reached with Abertis on Sale of Eutelsat Stake in Hispasat

PARIS–(BUSINESS WIRE)–Regulatory News:

Eutelsat Communications (Paris:ETL) (Euronext Paris:ETL) and Abertis
Group have reached an agreement on the sale of Eutelsat’s 33.69% stake
in Hispasat to Abertis. It follows the initiation of the process in July
2016 when Eutelsat exercised the put option granted in 2008 by Abertis,
Hispasat’s majority shareholder.

The agreed price for Eutelsat’s stake is €302 million, representing an
EBITDA multiple of 7.1x based on Hispasat’s 2016 results. The closing of
the transaction is subject to Spanish government approval and other
customary conditions precedent, and is expected in the second half of
calendar year 2017.

The divestment of the stake is consistent with Eutelsat’s strategy of
rationalising its portfolio of assets in order to maximise cash

About Eutelsat Communications

Established in 1977, Eutelsat Communications (Euronext Paris: ETL, ISIN
code: FR0010221234) is one of the world’s leading and most experienced
operators of communications satellites. The company provides capacity on
39 satellites to clients that include broadcasters and broadcasting
associations, pay-TV operators, video, data and Internet service
providers, enterprises and government agencies. Eutelsat’s satellites
provide ubiquitous coverage of Europe, the Middle East, Africa,
Asia-Pacific and the Americas, enabling video, data, broadband and
government communications to be established irrespective of a user’s
location. Headquartered in Paris, with offices and teleports around the
globe, Eutelsat represents a workforce of 1,000 men and women from 37
countries who are experts in their fields and work with clients to
deliver the highest quality of service.

For more about Eutelsat please visit


Eutelsat Communications
Vanessa O’Connor,
+ 33 1 53 98 37 91
Ecuer, + 33 1 53 98 37 91
and analysts

Joanna Darlington, +33 1 53 98 35 30
Pugni, +33 1 53 98 35 30