ABERTIS INFRAESTRUCTURAS, S.A. : FEUT VERT DU CONSEIL DES MINISTRES POUR L'ACQUISITION D'UNE PARTICIPATION DE 28,4 % DANS HISPASAT

ABERTIS INFRAESTRUCTURAS, S.A. : FEUT VERT DU CONSEIL DES MINISTRES POUR L'ACQUISITION D'UNE PARTICIPATION DE 28,4 % DANS HISPASAT


Suite à cette opération, Abertis Telecom devient le premier actionnaire de l'opérateur satellite espagnol.

Aujourd'hui, le Conseil des Ministres a accordé à Abertis l'autorisation d'acquérir une participation de 28,4 % dans Hispasat, via sa société de télécommunications Abertis Telecom. Cette opération qui permet à Abertis de devenir le premier actionnaire de l'opérateur satellite espagnol, avait été annoncée le 31 octobre dernier, après la finalisation de l'accord de vente entre Abertis, Ensafeca Holding Empresarial (anciennement Auna) et BBVA, actionnaires privés de Hispasat.

Now that the Spanish government has authorised the deal, it must be cleared by the anti-trust authorities.

The acquisition of the stakes held by Ensafeca Holding Empresarial (17.6%) and BBVA (10.8%) in Hispasat will entail an outlay for abertis telecom of E199Mn. The deal will be financed initially with short-term lines of credit, which will subsequently be taken out with long-term financing.

Hispasat currently operates a fleet of five communications satellites with orbital positions providing coverage in Europe and North and South America to 100% of the Spanish-speaking and 90% of the Portuguese-speaking markets. In 2006, Hispasat recorded revenue of around E120Mn, EBITDA of E89Mn and net profit of E24.5Mn.

abertis telecom's acquisition of a direct stake in Hispasat reinforces the strategy initiated with the purchase in January 2007 of 32% of Eutelsat, which in turn owns 27.69% of Hispasat, to round off its position in the terrestrial signal transmission network with a satellite transmission network and broaden the geographical scope of abertis' telecommunications business.

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