Abertis withdraws from Eutelsat

June 3, 2014 10.13 Europe/London By Julian Clover

AbertisSpanish infrastructure firm Abertis has sold its 5.01% stake in Eutelsat Communications.

The “accelerated bookbuilding process” took just a day to complete with the assistance of UBS and Barclays Bank.

Abertis is the majority shareholder in Hispasat and is seeking to take control of the Israeli satellite operator Spacecom through a deal with 64.5% owner Eurocom.