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Abertis confirms Hispasat eyeing stake in Spacecom
April 24, 2014 / 7:16 AM / 3 years ago

Abertis confirms Hispasat eyeing stake in Spacecom

MADRID, April 24 (Reuters) - Spanish infrastructure firm Abertis said on Thursday that its Hispasat affiliate is eyeing the purchase of a majority stake in Israeli satellite operator Space Communication.

Last month a source told Reuters that talks over Spacecom, with a market capitalisation of around $410 million, with its majority shareholder Eurocom Communications Ltd. of Israel were at an advanced stage. (Reporting by Tracy Rucinski; Editing by Sonya Dowsett)

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