Deals
Eutelsat to Acquire Satelites Mexicanos for $831 Million
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Eutelsat Communications SA agreed to acquire Satelites Mexicanos SA for $831 million to expand in the faster-growing Latin American satellite market.
Eutelsat plans to finance the takeover using a bridge loan, and assume net debt of $311 million, Paris-based Eutelsat said today. It expects privately held Satmex, as the Mexico City-based satellite company is known, will add to per-share earnings starting in the 12 months ending June 30, 2015.