Citic and GE offer to delist AsiaSat

Subsidiaries of Citic and GE Capital offer to privatise AsiaSat at an outlay of $288 million.

Subsidiaries of Citic Group and GE Capital have jointly launched an offer to privatise AsiaSat at a total cost of HK$2.2 billion $288.4 million.

Asia Satellite Telecommunications Holdings AsiaSat provides satellite transponder capacity in Asia to the TV broadcasting, telecom, internet and multimedia markets in Europe, the US and Asia. It is owned 69% by Bowenvale, a company which was jointly owned by the Citic Group and SES Luxembourg.

On Wednesday February 14, SES announced...

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