Eutelsat (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) has announced that The United Kingdom[1] is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025.
This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion, further underpinning the execution of Eutelsat’s long-term strategic vision.
His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom, has joined The French State via the APE (Agence des Participations de l’Etat), Bharti Space Limited, CMA CGM, and FSP (together the “Reserved Capital Increase Investors”) in a commitment to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata its shareholding post the Reserved Capital Increase, for a total amount invested of €163.3 million.
The Reserved Capital Increase would amount to €828 million, to be subscribed by the French State via APE for €551 million, Bharti Space Limited for €30 million, His Majesty’s Government for €90 million, CMA CGM for €100 million, and FSP for €57 million. The subsequent Rights Issue would amount to €672 million.
The Reserved Capital Increase and the Rights Issue are expected to be completed by the end of calendar 2025.
Following the two transactions, and subject to participation from investors, the French State would hold a stake of 29.65% of the capital and voting rights, while Bharti Space Limited, His Majesty’s Government, CMA CGM and FSP would respectively hold 17.88%, 10.89%, 7.46%, and 4.99% of the share capital and voting rights, being specified that the Reserved Capital Increase Investors would not be in a position to launch a public takeover.