Eutelsat Announces Shareholding Change
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types that would require a more detailed analysis. It simply reports a change in shareholding for Eutelsat Communications S.A.
Key Points
- The French State has acquired a 13.59% stake in Eutelsat Communications S.A.
- The acquisition was part of the company's planned equity raising
Summary
The French State, acting through the Agence des participations de l'Etat, has acquired a 13.59% stake in the telecommunications company.
Eutelsat Communications S.A. has announced that the French State, represented by the Agence des participations de l'Etat, has acquired a 13.59% stake in the company. This acquisition was carried out as part of the company's contemplated equity raising, as described in a previous press release.
DIRECTOR DEALINGS