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Eutelsat Communications ( (FR:ETL) ) has provided an update.
The French State, through the Agence des participations de l’Etat, has acquired 64,586,426 shares of Eutelsat Communications, crossing a significant voting rights threshold. This acquisition is part of Eutelsat’s planned equity raising strategy, involving two capital increases aimed at strengthening the company’s financial position and market influence.
More about Eutelsat Communications
Eutelsat Communications is a prominent player in the satellite communications industry, providing a range of satellite-based services. The company focuses on delivering broadcasting, broadband, and data connectivity solutions to various markets globally.
Find detailed analytics on ETL stock on TipRanks’ Stock Analysis page.