Paris - Eutelsat Communications and Abertis Group have reached an agreement on the sale of Eutelsat’s 33.69% stake in Hispasat to Abertis. It follows the initiation of the process in July 2016 when Eutelsat exercised the put option granted in 2008 by Abertis, Hispasat’s majority shareholder. The agreed price for Eutelsat’s stake is €302 million, representing an EBITDA multiple of 7.1x based on Hispasat’s 2016 results. The closing of the transaction is subject to Spanish government approval … [Read more...] about Eutelsat Corporate makes agreement with Abertis