Large buyer re-ignites Eutelsat float

Wednesday 30 November 2005 at 16:00

The €860m ($1bn) flotation of satellite operator Eutelsat was relaunched on Monday evening after Goldman Sachs found an investor prepared to place a "very large order" for the company's stock.

A French banker said Goldman had told Eutelsat about the order, prompting the company to relaunch the deal nearly one month after it was cancelled.