Hungary's 4iG to buy controlling stake in Israeli satellite firm Spacecom - NewsBreak
By Vivian in Business
Updated 2 years ago
JERUSALEM, Oct 12 (Reuters) - Israeli satellite operator Spacecom (SCC.TA) said on Tuesday that Budapest-based 4iG (IGNY.BU) agreed to buy a 51% stake in the company for $68 million through a private shares placement. The deal values Spacecom at above $124 Million and represents a 50% premium over the average...