(News Bulletin 247) – The French satellite operator announces the admission of its shares to the London Stock Exchange, the day after its merger with the British OneWeb.

Eutelsat is establishing itself a little more across the Channel. The French satellite operator announced Friday morning the listing of its shares on the London Stock Exchange, the day after the formalization of its merger with the British OneWeb, to give birth to a new pan-European giant in the internet sector. high-speed space.

The company was targeting a secondary listing in London as part of the merger between Eutelsat and OneWeb, initiated in July 2022.

The new company, called Eutelsat Group, will retain its headquarters in France and will continue to be listed in Paris.

“Eutelsat is one of a small number of listed companies that provide access to the booming space sector. Our listing on the London Stock Exchange will provide more investors and shareholders with the opportunity to join us. join in this exciting adventure”, says Eva Berneke, CEO of Eutelsat.

Double listings are becoming a trend again on the stock market. On Thursday, Coty took its first steps on the Paris Stock Exchange as part of a dual listing, the company having already been present on the New York Stock Exchange since 2013.

This double listing also aims to strengthen Coty’s presence in Europe and “to offer an additional means of reaching untapped investors in the market”, explained the company last May.