MADRID, June 3 (Reuters) - Spanish infrastructures company Abertis on Tuesday completed its exit from French satellite operator Eutelsat by selling its remaining 5.01 percent stake in the company for 275 million euros ($374.2 million).
The sale did not generate any “substantial” profit, Abertis said in a statement to Spain’s stock market regulator.
The shares, which were placed through an accelerated bookbuilding process, were sold at a price of 24.94 euros each, according to Reuters calculations.
Shares in Eutelsat were down 2.93 percent at 24.97 euros at 0745 GMT. ($1 = 0.7349 Euros) (Reporting by Julien Toyer, editing by Louise Heavens)