Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

China Investment Purchases Eutelsat Stake From Abertis

China Investment Corp., the world’s fifth-largest sovereign fund, agreed to buy a 7 percent stake in satellite company Eutelsat Communications SA from Spain’s Abertis Infraestructuras SA.

China Investment will pay Barcelona-based Abertis 385.2 million euros ($483 million) for 15.4 million shares of Paris-based Eutelsat, Abertis said in a statement today. Abertis expects a net capital gain of 237 million euros.

“Abertis will likely dispose the remaining stake down the road,” Bruno Silva and Pedro Oliveira, analysts at Banco BPI, wrote in a note sent to investors today.

Abertis, whose businesses range from toll-road management to telecommunications services and airports, is selling assets to cut debt and focus on projects where it can lead an industrial partnership. Abertis, which sold a 16 percent stake in Eutelsat for 981 million euros in January, still owns 8.35 percent of the French company.

Abertis shares climbed 0.4 percent to 10.09 euros at 9:57 a.m. in Madrid, valuing the company at 8.2 billion euros. Eutelsat rose 2.8 percent to 23.94 euros.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.