De Pardieu has advised Eutelsat Group, a global leader in satellite communications, on the entry into exclusive negotiations for the partial sale of its passive ground segment infrastructure assets to EQT Infrastructure VI (“EQT”), a Swedish investment fund.
The contemplated transaction would consist in the carve-out of the passive assets (land, buildings, support infrastructure, antennas and connectivity circuits for the combined portfolio of teleports and SNPs) to form a new company which would be incorporated as a standalone legal entity. EQT would own 80% of the capital, while Eutelsat Group would remain committed as long-term shareholder, anchor tenant and partner of the new company with a 20% holding alongside EQT.
The transaction remains subject to customary conditions precedent, in particular the approval by the relevant regulatory authorities as well as consultation with French security authorities and the appropriate employee representative bodies. Closing of the deal is expected in the first quarter of calendar year 2026.