Eutelsat planning IPO

8 Sep 2005

European satellite operator Eutelsat Communications has announced plans for an IPO on Euronet Paris. The Financial Times reports that the offering is expected to value the company at between EUR2.5 billion and EUR3 billion. Eutelsat was set up by European governments but was privatised in 2001; shareholders include Eurazeo, Spectrum Equity Investors, Texas Pacific Group, Cinven and Goldman Sachs Capita lPartners. Eutelsat saw revenues of EUR750 million in the year to the end of June, at which time net debt stood at EUR3.16 billion.