EQT to acquire 80% stake in Eutelsat's Ground Station Infrastructure Business
August 9, 2024
EQT Infrastructure VI has entered exclusive negotiations to acquire an 80% majority stake in Eutelsat Group’s Satellite Ground Station Infrastructure Business, in a transaction that values the carved-out entity at an enterprise value of EUR 790 million. Eutelsat will retain a 20% stake and remain an anchor tenant and partner; EQT intends to invest in antenna infrastructure and pursue M&A-driven growth to build a leading independent ground station operator headquartered in France.
- Buyers
- EQT Infrastructure VI (EQT)
- Targets
- Eutelsat Group Ground Station Infrastructure Business
- Sellers
- Eutelsat Group
- Industry
- Telecommunications
- Location
- France
- Transaction Type
- Buyout
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