MADRID, Oct 31 (Reuters) - Spanish infrastructure company Abertis said on Wednesday it has bought a 28.4 percent stake in satellite operator Hispasat for 199 million euros ($287.5 million).
Abertis said it had made the purchase through its Abertis Telecom unit from Ensafeca Holdings (formerly telecoms company Auna) and bank BBVA (BBVA.MC: Quote, Profile, Research), and it will now control 37.3 percent of Hispasat shares as it also holds an indirect holding through its 32 percent stake in Eutelsat.
It said the deal was subject to approval by the Spanish cabinet and the competition authorities.
Abertis has for some time been looking to buy a 46.6 percent controlling stake in Hispasat from private shareholders.
Hispasat is the leading satellite operator in the Spanish and Portuguese language markets in Europe and Latin America.
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