Eutelsat announced, after the market close on 12 July, that it has initiated the process of divesting its 33.7% stake in Hispasat, a Spanish satellite operator, by exercising the put option granted in 2008 by Abertis, Hispasat’s majority shareholder, owning 57% of the company. However, Abertis said a few hours later that the process initiated by Eutelsat to exercise the put option was not valid until June 2017 stating that the rights that arise from the said put option are still subject ....