Chinese Investment Firm Taking 7 Percent Stake in Satellite Fleet Operator Eutelsat

摘要

China Investment Corp. (CIC) is buying a 7 percent stake in satellite fleet operator Eutelsat of Paris from Spain's Abertis Telecom for 385.2 million euros ($500 million), a transaction that values Eutelsat at 5.5 billion euros, Abertis announced June 22. Barcelona-based Abertis, which used to be Eutelsat's biggest shareholder, has been gradually reducing its stake to refocus on investments in which it can gain a controlling interest.