SES Global completes split-off transaction with General Electric
PARIS (AFX) - SES Global SA said it has completed the split-off transaction with General Electric Co under which the US giant has swapped its 19.5 pct stake in the satellite operator for 100 pct ownership of a split-off company, SES International Holdings Inc.
The reference price for each SES share, as previously announced, was 12 eur, valuing the transaction at 1.238 bln eur, plus another 45 mln in cash related to the completion date. .
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