The Fonds Stratégique de Participations announces a new long term equity investment in Eutelsat Communications

Asset Management - 3/21/2016

The Fonds Stratégique de Participations (FSP) announces its fourth long-term investment through the acquisition of a stake in EUTELSAT COMMUNICATIONS, one of the world’s largest satellite operators.

As a long term investor, the FSP intends to support EUTELSAT COMMUNICATIONS development and to sit on the company's Board of Directors.
In agreement with EUTELSAT COMMUNICATIONS's Board of Directors, a resolution will propose FSP's appointment as a Board member at the next Annual General Meeting.

The FSP is managed by the Edmond de Rothschild Group.

Backed by six major French insurance companies (BNP PARIBAS CARDIF, CNP ASSURANCES, CREDIT AGRICOLE ASSURANCES, SOGECAP (SOCIETE GENERALE group), GROUPAMA and NATIXIS ASSURANCES), the FSP is a long term equity investor in French companies.
Through the FSP, insurance companies and key institutional investors with long term liabilities channel some of France's long-term savings into equity investments.
This investment, the FSP's fourth, consists of a more than 7% stake in EUTELSAT COMMUNICATIONS, a strategic player in France's aerospace sector. It reinforces the FSP's ability to select and invest in French companies which are global leaders in their sector and benefit from strong growth prospects.
EUTELSAT COMMUNICATIONS operates a fleet of 40 satellites which deliver content for broadcasters, telecom operators, multinationals and governments.
With its strong global presence, innovative edge and excellent operational track record, EUTELSAT COMMUNICATIONS is well positioned to benefit from its sector's attractive growth prospects  supported by expansion of broadcasting in emerging countries and of satellite broadband across all geographical zones.
The FSP provides support to the strategy and execution of portfolio companies selected on the basis of their financial strength, innovative capacity, growth and value creation prospects. Its investments are made in agreement with the companies and entail representation on their board of directors or supervisory board. As a board member, the FSP proposes an independent person as its representative on the company's board.
FSP is an investor in ARKEMA, SEB and ZODIAC AEROSPACE and sits on their boards. 

About the Fonds Stratégique de Participations
The Fonds Stratégique de Participations is a SICAV, or open-ended investment company, which is registered with the French Financial Markets Authority (AMF) and which seeks to promote long-term equity investments by taking strategic stakes in French companies.  The FSP's board comprises seven members, six insurance group shareholders (BNP Paribas Cardif, CNP Assurances, Crédit Agricole Assurances, Sogécap, Groupama and Natixis Assurances) as well as the Edmond de Rothschild Group.  
To date, the FSP has four subfunds, each of which is invested in ARKEMA, SEB SA, ZODIAC AEROSPACE and EUTELSAT COMMUNICATIONS.  The FSP continues to examine other investment opportunities in both listed and unlisted French companies.

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