3 Oct 2019

Abertis closes the sale of its stake in Hispasat to Red Eléctrica

  • After having obtained the corresponding legal authorisations, the sale of Abertis’ 89.7% stake in Hispasat has been closed for €933Mn.
  • As a result, Abertis has no stake in Hispasat, following its strategy to focus on the toll road sector.

After having obtained the corresponding legal authorisations, Abertis, via its subsidiary Abertis Telecom Satélites, has closed the sale of its 89.7% stake in Hispasat –announced in February 2019– to Red Eléctrica Corporación.

The transaction has been closed for a total amount of €933 Mn. The company plans to allocate net proceeds to regular management of Abertis’ liabilities and to growth projects.  

As a result, Abertis has no stake in Hispasat, and its representatives have left their positions at Hispasat’s Board of Directors.

This is in keeping with the company's strategy to become a pure toll road operator. 

 

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