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United kingdom plans invest €:
French President Emmanuel Macron poses on the stand of the Eutelsat group at Le Bourget Airport near Paris
The United Kingdom plans to invest 163.3 million euros in Eutelsat. Therefore, the French champion of satellites announced Thursday, often presented as the European rival of the American giant Starlink. For example,
“The government of His Majesty. In addition, via the Secretary of State for Science, Innovation and Technology of the United Kingdom, undertakes” to subscribe to the capital increase announced by Eutelsat in June, “for a total amount invested up to 163.3 million euros,” said Eutelsat in a press release. For example, united kingdom plans invest €
Europe wants to strengthen its sovereignty in different strategic fields. In addition, including defense and satellite communication, since the invasion of Ukraine by Russia and the resumption of “America First” policy by American President Donald Trump.
French president Emmanuel Macron thanked London for his commitment to social network X Thursday morning. “Thank you to our British friends for fully committing with us in the rest of the Eutelsat adventure. ” wrote the French president. Additionally,
“This additional participation on the part of another reference shareholder will bring to 1.5 billion euros the total amount of the envisaged capital increase. thus consolidating the implementation of the long -term strategy of Eutelsat,” said the French group.
In June. the French Ministry of Finance declared that the State will subscribe to more than half of a capital increase of 1.35 billion euros, becoming the first united kingdom plans invest € shareholder of Eutelsat.
In addition to the French State. Eutelsat had detailed only others of its shareholders, including the Indian group Bharti Space and the French company CMA CGM, would also participate in the capital increase.
The participation of the United Kingdom in this capital increase will allow it not to be diluted and to keep 10.89% of Eutelsat.
Eutelsat constitutes a strategic asset for France. which considers crucial to support the group to guarantee French and European digital sovereignty.
The news of the British investment was first announced by an article in the newspaper Les Echos published Thursday morning.
The article specified that this investment could allow the United Kingdom to put “one foot in the door” in the project of constellation of European satellites Iris². of which Eutelsat had been appointed as an architect.
Eutelsat had united kingdom plans invest € won 7.40% on the stock market at 11:45 a.m. GMT. Since the beginning of the year. the action has increased by around 66%, stimulated by the financial support of France and its status as a European competitor of Starlink.
(Written by Florence Lève, edited by Augustin Turpin)
United kingdom plans invest €
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