Eutelsat Launches €828 Million Reserved Capital Increase

Eutelsat’s Board of Directors approved the launch of a €828 million equity raise by way of reserved capital increase at a price per share of €4.00, to be subscribed by the French State, Bharti Space Limited, His Majesty’s Government, CMA CGM Participations, and Le Fonds Stratégique de Participations (“FSP”) (the “Reserved Capital Increase”), in accordance with the Extraordinary Resolutions voted at the General Shareholders’ Meeting held on Sept. 30, 2025.

The French State will subscribe for €551 million, Bharti Space Limited for €30 million, the UK Government for €90 million, CMA CGM Participations for €100 million, and FSP for €57 million.

Following this reserved capital increase, the French State would hold a stake of 29.65% of the capital and voting rights of the company, while Bharti Space Limited, UK Government, CMA CGM Participations and FSP would respectively hold 17.88%, 10.89%, 7.46% and 4.99% of the share capital and voting rights of the company.

The settlement of the reserved capital increase is expected in the next few days.

Following the completion of the reserved capital increase, Jean-Baptiste Massignon and Jérémie Gué, appointed by the General Shareholders’ Meeting of Sept. 30, 2025, will take up their positions within the Board of Directors as directors appointed by the French State. The Board of Directors will subsequently be composed of 12 members.