Eutelsat said its Board of Directors has approved an €828 million equity raise through a reserved capital increase priced at €4.00 per share, with subscriptions coming from the French State, Bharti Space Limited, His Majesty’s Government, CMA CGM Participations, and Le Fonds Stratégique de Participations (FSP).
The French State will contribute €551 million, Bharti Space €30 million, the UK Government €90 million, CMA CGM €100 million, and FSP €57 million, the company said. The increase follows authorization granted by shareholders at the Sept. 30, 2025 Extraordinary General Meeting.
After completion of the transaction, the French State will hold 29.65% of Eutelsat’s capital and voting rights. Bharti Space, the UK Government, CMA CGM and FSP will hold 17.88%, 10.89%, 7.46%, and 4.99%, respectively.
Settlement of the capital increase is expected in the coming days.
Following the closing, Jean-Baptiste Massignon and Jérémie Gué, appointed by shareholders in September, will join the Board as French State representatives. The Board will then consist of 12 members.
