citic-and-ge-offer-to-delist-asiasat

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 a Ç1.2 billion $1.6 billion deal to buy out GEÆs shareholding in SES in exchange for a basket of assets and cash. Included in the basket, which will now be owned by GE,...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222