Abertis, SEPI, CDTI And INTA To Take Joint Control Of Hispasat

The European Commission (Commission) has raised no objection to the acquisition of Hispasat by Abertis, SEPI, CDTI and INTA. Hispasat is a Spanish satellite company that sells capacity to telecommunications and audiovisual satellite service providers. The four companies will have joint control of Hispasat. Abertis is an infrastructure manager dealing in telecommunications, and motorway and car park concessions. SEPI, CDTI and INTA are all Spanish state-owned entities. An investigation conducted by the Commission highlighted that the parties involved in the transaction do not compete with each other in any of their sectors, and there are other prominent satellite capacity buyers in the country as well as Abertis. As a result of this the Commission concluded that the acquisition would not create competition concerns.