LA PLATA, Maryland — Satellite fleet operator Eutelsat’s board, as expected, approved the company’s equity raise of 828 million euros ($960.2 million) at a price of 4 euros per share, with 66% of it committed by the French government via Agence des Participations de l'Etat (APE), whose stake in Eutelsat will be 29.65%.
Two private French companies — CMA CGM Participations and FSP, owned by a group of French insurers — will respectively hold 17.88% and 10.89% of Eutelsat equity after the transaction . . .
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