French buyout firm Eurazeo has sold out of two of its investments on the same day, following up the sale of French truck hire company Fraikin by divesting its holding in French satellite operator Eutelsat, days after its partners sold their stake to Abertis, a Spanish construction company.
Eurazeo sold its 25% shareholding in Eutelsat to Caisse des Dépots et Consignations for €614m ($816m), equivalent to €15.70 per share.