Gide advises Agence des Participations de l’Etat on Eutelsat’s capital strengthening project

Gide advised Agence des Participations de l’Etat on Eutelsat’s capital strengthening project.

Eutelsat plans to raise €1.35 billion in capital through (i) a €716 million reserved capital increase to be subscribed by the French State via Agence des Participations de l’Etat, Bharti Space Limited, CMA CGM and the Fonds Stratégique de Participations, and (ii) a capital increase with preferential subscription rights of €634 million to be subscribed pro rata by the same investors. The capital increases are expected to be completed by the end of 2025.

The team was led by partners Anne Tolila and Olivier Diaz and included counsel Corentin Charlès and associate Axel Azoulay on corporate law aspects, partner Stéphane Hautbourg and associate Pauline Cabany on competition law aspects, and partner Arnaud Duhamel and counsel Guillaume Monnier on capital markets aspects.