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Spain's Abertis completes exit from France's Eutelsat
June 3, 2014 / 7:52 AM / in 3 years

Spain's Abertis completes exit from France's Eutelsat

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)

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