Abertis/Hispasat eye Spacecom
April 24, 2014
By Chris Forrester
Spacecom is Israel’s commercial satellite operator and operates a growing fleet of Amos craft. It has been up for sale, or for a joint-venture partnership, for some months.
Madrid-based infrastructure company Abertis, which already has a minority shareholding in Eutelsat, has confirmed that it is looking to make an investment using its Hispasat (57 per cent owned) subsidiary.
Abertis/Hispasat says it is considering taking a majority stake in Spacecom. ““Conversations are taking place regarding the final terms of the offer that could potentially give rise to acquiring control of Spacecom,” said Abertis, adding that no agreement has yet been reached.
Local reports out of Madrid say that Abertis/Hispast would take a 64.5 per cent stake in Spacecom from its existing majority owner Eurocom Communications, and subsequently make a formal IPO to take 100 percent control. Spacecom is valued at around €350 million.