EQT Enters Into Exclusive Negotiations With Eutelsat Group To Acquire A Majority Stake In Its Satellite Ground Station Infrastructure Business, Values New Entity At An Enterprise Value Of €790 Million
Portfolio Pulse from Benzinga Newsdesk
EQT has entered into exclusive negotiations to acquire a majority stake in Eutelsat Group's Ground Station Infrastructure Business, valuing the new entity at an enterprise value of €790 million. The Ground Station Business includes approximately 1,400 antennas across more than 100 locations globally, serving Eutelsat Group, OneWeb, and other third-party customers. EQT plans to support the business through investments and M&A-driven growth.
August 09, 2024 | 4:56 pm
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Eutelsat Group is entering into exclusive negotiations with EQT for the sale of a majority stake in its Ground Station Infrastructure Business, valued at €790 million. Eutelsat will retain a 20% stake and continue as a long-term shareholder and partner.
The sale of a majority stake in the Ground Station Infrastructure Business to EQT is a significant move for Eutelsat Group. The transaction will provide Eutelsat with capital while allowing it to retain a strategic interest in the business. This could positively impact Eutelsat's stock price in the short term.
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