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France blocked Eutelsat’s sale of strategic antennas to EQT over security concerns, halting a 550M euro deal.
French Finance Minister Roland Lescure blocked Eutelsat’s sale of its ground antennas to Swedish private equity firm EQT, citing national security and sovereignty concerns.
The antennas, vital for military and civilian satellite communications, are deemed strategic infrastructure.
The French government, which owns 29.6% of Eutelsat, emphasized the decision was not about the investor’s quality but about protecting critical assets.
The deal, expected to raise 550 million euros, will not proceed.
Eutelsat’s shares dropped 5% in early trading.
The government also approved the sale of defense firm LMB Aerospace to U.S.-based Loar Holdings, retaining a golden share and ensuring production stays in France.
Francia bloqueó la venta por parte de Eutelsat de antenas estratégicas a EQT por preocupaciones de seguridad, deteniendo un acuerdo de 550 millones de euros.