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NEUTRAL

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.

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