Eutelsat Completes a Capital Increase of 670 Million Euros
Eutelsat announced the successful completion of a capital increase of 670 million euros, aimed at strengthening its financial structure and funding its strategic plan.
Details of the Capital Increase
According to Eutelsat's press release, the capital increase with preservation of preemptive rights raised a gross amount of 669,775,132.80 euros. This operation resulted in the issuance of 496,129,728 new shares at a unit price of 1.35 euros. The subscription period closed on December 9, 2025, with demand reaching approximately 891,581,211 euros, representing a subscription rate of 133%. Of the total new shares issued, 476,022,088 were subscribed on a non-reducible basis, accounting for about 96% of the issued shares. The demand for reducible subscriptions involved 184,408,439 shares, of which only 20,107,640 were allocated.
Purpose of the Funds Raised
Eutelsat specified that the funds raised through this capital increase will be used to finance the development of its satellite activities in low orbit and to support the deployment of the IRIS² constellation. This initiative is part of a strategic plan announced on June 19, 2025, for which the company plans to raise 1.5 billion euros in equity. The 670 million euros from this capital increase are in addition to the 828 million euros raised through reserved capital increases, notably including the participation of the French state via the APE.
Post-Increase Shareholding Structure
Following the capital increases, Eutelsat's shareholder structure stands at 1,178,308,106 shares, with a distribution of major shareholders including the French state at 29.65%, Bharti Space Ltd at 17.88%, and the British government at 10.89%. The public now holds 29.13% of the capital. Eutelsat has committed to a lock-up agreement preventing the issuance or sale of shares for a period of 180 days following the settlement-delivery date of the new shares.
