Hispasat owners set EUR 1.3bn price tag; sale could be further delayed - report (translated)
08 JUN 2018
Abertis Infraestructuras’ [BME:ABE] new owners Atlantia [MI:ATL] and ACS [BME:ACS] are sounding out the market to sell the satellite unit Hispasat for more than EUR 1.3bn, reported Expansion citing financial sources.
The price is higher than the EUR 1.149bn deal Abertis agreed with Red Electrica de Espana [BME:REE] (REE) and above the EUR 1.254bn valuation set by ACS’s German unit Hochtief [FRA:HOT], the Spanish-language paper noted.
The sudden changes in the Spanish government may delay the sale of Hispasat further, Expansion said citing financial sources. ACS and Atlantia had been sounding out the market and they still intend to sell, according to the report.