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Eutelsat reinitiates contacts to control Hispasat
Eutelsat begins to move card in its strategy of control of Hispasat, the Spanish operator of satellites who participates with a 27.69% after hispanicizing his advice with Abertis

According to Expansion informs the economic newspaper, the French group has intensified the contacts with the Spanish Administration, that through different public companies controls a 30.68% of Hispasat and that it has right of I veto on foreign investments, with the aim of increasing his participation in the company and approaching a later integration.

The people in charge of Eutelsat have retaken the contacts with the Spanish Government, that already had taken place in 2005, after Abertis, the infrastructure group controlled by Caixa and ACS, has made its entrance in the advice effective of administration of the third operator of satellites of the world.

The delegated adviser of Eutelsat, Giulianno Berretta, assured recently that to count on company the Spanish Abertis infrastructure as main shareholder of Eutelsat “could help to calm any preoccupation on the part of the Spanish Government about the integration of Hispasat with a foreign company”. The orbital positions of Eutelsat, in Europe and Asia, and from Hispasat in Latin America and North Africa, are totally complementary.

In order to reach this final mission, Eutelsat needs to increase previously its weight in the management of Hispasat, company presided over by Petra Mateos. Before the difficulties to directly elevate the participation, that he must receive the authorization of the Cabinet, when being a foreign investment, the operator of satellites could have his Abertis partner, who, like shareholder of Eutelsat, he has an indirect participation of 9% in the capital of Hispasat.


(18/04/07)








 
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