EQT to acquire a 80% stake in the Ground Station Infrastructure business of Eutelsat Group in a Є790m deal.

EQT, a private equity firm, agreed to acquire a 80% stake in the Ground Station Infrastructure business of Eutelsat Group, a satellite communications company, in a Є790m deal. "We are proud to become the first satellite operator to embark on this innovative transaction which would allow us to build on the model adopted in other industries, and to optimise the value of our extensive ground network. In EQT we have found a partner of the highest quality, who shares our vision. This transaction would represent a win-win situation for all parties, and would enable Eutelsat to strengthen its financial profile, whilst continuing to rely on the unparalleled quality and reliability of its ground infrastructure. Moreover, we are confident that with the backing of EQT, the business would be in a position to fully embrace the opportunities opening up to it as the new global leader in this dynamic sector," Eva Berneke, Eutelsat Group CEO.