SES has announced that it has closed the split-off transaction with GE signed on Feb. 13, following satisfaction of the closing conditions. SES has exchanged GE's entire holding of 103,149,900 shares in SES for 100 percent of a split-off company, SES International Holdings (SIH). The reference price for each SES share was agreed as EUR 12, resulting in a total transaction value of EUR 1.238 billion, together with an additional cash amount of EUR 45 million, included as a result of closing on this date.
SES wholly owns three satellite operators, SES ASTRA in Europe, SES AMERICOM in North America and SES NEW SKIES, which provide global coverage and connectivity. The company also has strategic participation in SES Sirius in Europe, Ciel in Canada and Quetzsat in Mexico. SES provides satellite communications solutions via 36 satellites in 25 orbital positions around the globe.
For more information, visit www.ses.com.
